https://www.taxtmi.com/caselaws?id=393705 The tribunal held that the reversal of credit before utilization in the case rendered the taking of credit as erased ab initio. As the credit was not utilized to the detriment of the exchequer, the tribunal set aside the orders, negating the liability of interest and penalty on the appellants. The decision was made on 13/03/2020, with both tribunal members concurring in the findings. en-us Fri, 13 Mar 2020 00:00:00 +0530 Sat, 21 Mar 2020 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393705 The tribunal held that the reversal of credit before utilization in the case rendered the taking of credit as erased ab initio. As the credit was not utilized to the detriment of the exchequer, the tribunal set aside the orders, negating the liability of interest and penalty on the appellants. The decision was made on 13/03/2020, with both tribunal members concurring in the findings. Case-Laws Service Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393705