https://www.taxtmi.com/caselaws?id=412241 The Appellate Tribunal CESTAT Ahmedabad ruled that the appellant was not liable for penalty under section 11AC for wrongly availing credit on the contribution of an employee recovered against the service of a rent a cab operator. The Tribunal found that there was no intention to avail the credit wrongly, as clarified by a previous decision of the Hon'ble Bombay High Court. Since there was no suppression of facts or intent to evade duty, the penalty under section 11AC was deemed inapplicable, leading to the Tribunal setting aside the penalty and allowing the appeal in that regard. en-us Tue, 24 Aug 2021 00:00:00 +0530 Tue, 14 Sep 2021 08:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412241 The Appellate Tribunal CESTAT Ahmedabad ruled that the appellant was not liable for penalty under section 11AC for wrongly availing credit on the contribution of an employee recovered against the service of a rent a cab operator. The Tribunal found that there was no intention to avail the credit wrongly, as clarified by a previous decision of the Hon'ble Bombay High Court. Since there was no suppression of facts or intent to evade duty, the penalty under section 11AC was deemed inapplicable, leading to the Tribunal setting aside the penalty and allowing the appeal in that regard. Case-Laws Central Excise Tue, 24 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412241