https://www.taxtmi.com/caselaws?id=369667 The Tribunal ruled in favor of the appellant, setting aside the penalty imposed for the denial of CENVAT credit on taxable services. The decision emphasized the necessity of proving fraudulent intent for penalty imposition under Rule 15(2) and Section 11AC, highlighting the importance of disclosing irregularities and lack of fraudulent intent to determine penalty liability. en-us Fri, 12 Oct 2018 00:00:00 +0530 Thu, 01 Nov 2018 13:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369667 The Tribunal ruled in favor of the appellant, setting aside the penalty imposed for the denial of CENVAT credit on taxable services. The decision emphasized the necessity of proving fraudulent intent for penalty imposition under Rule 15(2) and Section 11AC, highlighting the importance of disclosing irregularities and lack of fraudulent intent to determine penalty liability. Case-Laws Central Excise Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369667