https://www.taxtmi.com/caselaws?id=367989 The Tribunal allowed the appeal by a nationalized bank challenging the irregular availment of CENVAT credit and penalties under Sections 76, 77, and 78 of the Finance Act. The Commissioner's order demanding interest for delayed service tax payment was upheld, but penalties were dropped due to the bank's bona fide conduct and the absence of mala fide intent. The Tribunal emphasized the importance of Section 80 of the Finance Act in cases involving no intent to evade payment, setting aside the impugned order based on legal principles and precedents cited. en-us Tue, 25 Sep 2018 00:00:00 +0530 Mon, 15 Oct 2018 15:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367989 The Tribunal allowed the appeal by a nationalized bank challenging the irregular availment of CENVAT credit and penalties under Sections 76, 77, and 78 of the Finance Act. The Commissioner's order demanding interest for delayed service tax payment was upheld, but penalties were dropped due to the bank's bona fide conduct and the absence of mala fide intent. The Tribunal emphasized the importance of Section 80 of the Finance Act in cases involving no intent to evade payment, setting aside the impugned order based on legal principles and precedents cited. Case-Laws Service Tax Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367989