https://www.taxtmi.com/caselaws?id=363809 The Tribunal ruled in favor of the appellant, holding that the extended period of limitation was not applicable. The demand and penalty of Rs. 9,86,597 were set aside, emphasizing that the denial of Cenvat Credit seemed to be based on a change of opinion rather than intentional evasion. Proper record-keeping and regular filing of returns were crucial to avoid unwarranted penalties. en-us Tue, 19 Dec 2017 00:00:00 +0530 Thu, 19 Jul 2018 06:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363809 The Tribunal ruled in favor of the appellant, holding that the extended period of limitation was not applicable. The demand and penalty of Rs. 9,86,597 were set aside, emphasizing that the denial of Cenvat Credit seemed to be based on a change of opinion rather than intentional evasion. Proper record-keeping and regular filing of returns were crucial to avoid unwarranted penalties. Case-Laws Service Tax Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363809