https://www.taxtmi.com/caselaws?id=387769 The Tribunal ruled in favor of the appellant, finding that no interest was payable on the reversal of credit amounting to Rs. 40,60,683. It was determined that the transfer of input service credit balance to the new company complied with the applicable rules, and there was no credit balance against inputs and capital goods at the transfer date. The Tribunal concluded that the demand for interest by the Department was unwarranted and incorrect, setting aside the impugned order and allowing the appeal with any necessary relief according to the law. en-us Wed, 24 Jul 2019 00:00:00 +0530 Fri, 01 Nov 2019 21:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387769 The Tribunal ruled in favor of the appellant, finding that no interest was payable on the reversal of credit amounting to Rs. 40,60,683. It was determined that the transfer of input service credit balance to the new company complied with the applicable rules, and there was no credit balance against inputs and capital goods at the transfer date. The Tribunal concluded that the demand for interest by the Department was unwarranted and incorrect, setting aside the impugned order and allowing the appeal with any necessary relief according to the law. Case-Laws Service Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387769