https://www.taxtmi.com/caselaws?id=402416 Excess reversal of CENVAT credit and excess monthly payment could be adjusted against short reversal in other months under Rule 6(3B), read with Rules 6(3A) and 6(4A), where the overall liability had been discharged. The Tribunal held that a rigid technical reading could not deny such adjustment when the assessee had made good the shortfalls in the six-monthly returns. On the facts, the admitted excess reversal also negatived wilful suppression or intent to evade tax, so the extended period of limitation and penalty could not be sustained. The demand was therefore not maintainable and relief followed. en-us Tue, 10 Nov 2020 00:00:00 +0530 Fri, 01 Jan 2021 10:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402416 Excess reversal of CENVAT credit and excess monthly payment could be adjusted against short reversal in other months under Rule 6(3B), read with Rules 6(3A) and 6(4A), where the overall liability had been discharged. The Tribunal held that a rigid technical reading could not deny such adjustment when the assessee had made good the shortfalls in the six-monthly returns. On the facts, the admitted excess reversal also negatived wilful suppression or intent to evade tax, so the extended period of limitation and penalty could not be sustained. The demand was therefore not maintainable and relief followed. Case-Laws Service Tax Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402416