https://www.taxtmi.com/caselaws?id=362867 The forum found that denying the entire credit without considering proportionate eligibility was improper. They ordered a remand for a fresh assessment of the appellant's liability in line with Rule 6 (3AA) of the CCR 2014. The demand of interest and proportionate penalty on the ineligible credit was set aside, along with the penalty under Section 76 of the Finance Act, 1994. The adjudicating authority was directed to recalculate the tax liability as per Rule 6 (3AA) of the Rules, and any penalty under Section 78 would be imposed proportionate to the revised tax liability determined during the fresh adjudication. en-us Thu, 22 Mar 2018 00:00:00 +0530 Thu, 05 Jul 2018 09:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362867 The forum found that denying the entire credit without considering proportionate eligibility was improper. They ordered a remand for a fresh assessment of the appellant's liability in line with Rule 6 (3AA) of the CCR 2014. The demand of interest and proportionate penalty on the ineligible credit was set aside, along with the penalty under Section 76 of the Finance Act, 1994. The adjudicating authority was directed to recalculate the tax liability as per Rule 6 (3AA) of the Rules, and any penalty under Section 78 would be imposed proportionate to the revised tax liability determined during the fresh adjudication. Case-Laws Service Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362867