https://www.taxtmi.com/caselaws?id=392935 The Appellate Tribunal CESTAT New Delhi set aside the impugned order passed by the Commissioner (A) in a case involving Cenvat credit on trading activities. The Tribunal ruled in favor of the appellant, finding that the demand beyond the normal limitation period was barred due to the absence of mala fide intent. The appellant's belief in good faith regarding the treatment of trading activities pre-2011, supported by their accounting practices, contributed to the decision. Penalties were entirely set aside based on the absence of mala fide intent, emphasizing this factor in the disposal of the appeals. en-us Wed, 17 Jul 2019 00:00:00 +0530 Tue, 03 Mar 2020 10:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392935 The Appellate Tribunal CESTAT New Delhi set aside the impugned order passed by the Commissioner (A) in a case involving Cenvat credit on trading activities. The Tribunal ruled in favor of the appellant, finding that the demand beyond the normal limitation period was barred due to the absence of mala fide intent. The appellant's belief in good faith regarding the treatment of trading activities pre-2011, supported by their accounting practices, contributed to the decision. Penalties were entirely set aside based on the absence of mala fide intent, emphasizing this factor in the disposal of the appeals. Case-Laws Central Excise Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392935