https://www.taxtmi.com/caselaws?id=380188 The Tribunal remanded the case challenging the Commissioner's order for recovery under CENVAT Credit Rules. The appellants argued for entitlement to full credit due to a new sub-rule and no intent to evade taxes. The Tribunal considered previous decisions on exempted services, CENVAT credit reversal, interest, and penalties. It remanded the case solely on the limitation issue, agreeing on interest and penalties, pending re-quantification. Emphasizing the importance of addressing the limitation issue, the Tribunal highlighted the need for reassessment before finalizing recovery amounts and penalties, in accordance with CENVAT Credit Rules and tax obligations. en-us Fri, 25 Jan 2019 00:00:00 +0530 Thu, 16 May 2019 07:28:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380188 The Tribunal remanded the case challenging the Commissioner's order for recovery under CENVAT Credit Rules. The appellants argued for entitlement to full credit due to a new sub-rule and no intent to evade taxes. The Tribunal considered previous decisions on exempted services, CENVAT credit reversal, interest, and penalties. It remanded the case solely on the limitation issue, agreeing on interest and penalties, pending re-quantification. Emphasizing the importance of addressing the limitation issue, the Tribunal highlighted the need for reassessment before finalizing recovery amounts and penalties, in accordance with CENVAT Credit Rules and tax obligations. Case-Laws Service Tax Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380188