https://www.taxtmi.com/caselaws?id=291198 The Tribunal set aside the demand for interest under Section 75 and the penalty under Section 78, ruling that the adjudicating authority incorrectly used the date of filing returns as the date of adjustment of Cenvat credit with tax paid. The penalty under Section 70 for delay in filing returns was upheld. The appellant was granted consequential benefits, and the Tribunal clarified the correct application of the law in adjusting Cenvat credit with tax paid. en-us Thu, 16 May 2019 00:00:00 +0530 Sat, 31 Oct 2020 19:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291198 The Tribunal set aside the demand for interest under Section 75 and the penalty under Section 78, ruling that the adjudicating authority incorrectly used the date of filing returns as the date of adjustment of Cenvat credit with tax paid. The penalty under Section 70 for delay in filing returns was upheld. The appellant was granted consequential benefits, and the Tribunal clarified the correct application of the law in adjusting Cenvat credit with tax paid. Case-Laws Service Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291198