https://www.taxtmi.com/caselaws?id=374967 The Appellate Tribunal CESTAT MUMBAI allowed the appeal, overturning the Commissioner's order, as the appellant's actions did not constitute deliberate suppression of facts warranting the penalty for availing entire CENVAT credit without maintaining separate records for taxable and exempted activities. The penalty imposition of 50% amounting to Rs. 5,71,654 was set aside, emphasizing the absence of malafide intent and the appellant's compliance efforts. The Tribunal highlighted discrepancies in returns but found no intentional concealment, ultimately ruling in favor of the appellant on 07.02.2019. en-us Thu, 07 Feb 2019 00:00:00 +0530 Wed, 13 Feb 2019 06:07:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374967 The Appellate Tribunal CESTAT MUMBAI allowed the appeal, overturning the Commissioner's order, as the appellant's actions did not constitute deliberate suppression of facts warranting the penalty for availing entire CENVAT credit without maintaining separate records for taxable and exempted activities. The penalty imposition of 50% amounting to Rs. 5,71,654 was set aside, emphasizing the absence of malafide intent and the appellant's compliance efforts. The Tribunal highlighted discrepancies in returns but found no intentional concealment, ultimately ruling in favor of the appellant on 07.02.2019. Case-Laws Service Tax Thu, 07 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374967