https://www.taxtmi.com/caselaws?id=394790 The Tribunal set aside the penalty imposed on the appellant for irregular availment of Cenvat Credit, finding no evidence of deliberate tax evasion. The appellant rectified the error promptly upon audit identification, paid the disputed amount with interest before the Show Cause Notice, and demonstrated cooperation with authorities. The decision emphasizes the significance of rectifying inadvertent errors promptly, cooperating with authorities, and timely payment of dues to avoid penalties in tax matters. en-us Wed, 26 Feb 2020 00:00:00 +0530 Sat, 25 Apr 2020 10:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394790 The Tribunal set aside the penalty imposed on the appellant for irregular availment of Cenvat Credit, finding no evidence of deliberate tax evasion. The appellant rectified the error promptly upon audit identification, paid the disputed amount with interest before the Show Cause Notice, and demonstrated cooperation with authorities. The decision emphasizes the significance of rectifying inadvertent errors promptly, cooperating with authorities, and timely payment of dues to avoid penalties in tax matters. Case-Laws Service Tax Wed, 26 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394790