https://www.taxtmi.com/caselaws?id=375854 The Tribunal set aside the penalty imposed on the appellant for availing ineligible CENVAT Credit on input services, emphasizing the absence of fraudulent intent. The judgment clarified misinterpretation of statutory provisions and found no suppression, misstatement, or fraud by the appellant. The demand was based on accounting discrepancies, not intentional wrongdoing. The Tribunal held that the penalty imposed was unwarranted, allowing the appeal in favor of the appellant solely on the penalty issue. en-us Wed, 20 Feb 2019 00:00:00 +0530 Wed, 27 Feb 2019 06:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375854 The Tribunal set aside the penalty imposed on the appellant for availing ineligible CENVAT Credit on input services, emphasizing the absence of fraudulent intent. The judgment clarified misinterpretation of statutory provisions and found no suppression, misstatement, or fraud by the appellant. The demand was based on accounting discrepancies, not intentional wrongdoing. The Tribunal held that the penalty imposed was unwarranted, allowing the appeal in favor of the appellant solely on the penalty issue. Case-Laws Central Excise Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375854