https://www.taxtmi.com/caselaws?id=360645 The Tribunal upheld the disallowance of Cenvat Credit but set aside the penalty imposed on the assessee for availing the credit wrongly. The Court ruled against the Revenue, dismissing both appeals and emphasizing the lack of fraudulent intent by the assessee. The decision highlighted the pending nature of the initial proceedings and the absence of evidence supporting mala fide actions. The parties were directed to bear their own costs. en-us Thu, 17 May 2018 00:00:00 +0530 Fri, 14 Sep 2018 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360645 The Tribunal upheld the disallowance of Cenvat Credit but set aside the penalty imposed on the assessee for availing the credit wrongly. The Court ruled against the Revenue, dismissing both appeals and emphasizing the lack of fraudulent intent by the assessee. The decision highlighted the pending nature of the initial proceedings and the absence of evidence supporting mala fide actions. The parties were directed to bear their own costs. Case-Laws Central Excise Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360645