https://www.taxtmi.com/caselaws?id=414583 The Appellate Tribunal CESTAT Mumbai allowed the appeal, setting aside the Commissioner (Appeals)'s order confirming the demand for payment of interest on delayed service tax payments through the Cenvat Credit account. The Tribunal emphasized that interest could not be enforced beyond one year without specific grounds like fraud or contravention to the Finance Act being alleged, as per Section 75 of the Finance Act, 1994. Since no such allegations were made and no penalty was proposed, the Tribunal ruled in favor of the appellant, highlighting the importance of specific grounds for enforcing interest beyond one year in such cases. en-us Mon, 25 Oct 2021 00:00:00 +0530 Thu, 11 Nov 2021 19:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414583 The Appellate Tribunal CESTAT Mumbai allowed the appeal, setting aside the Commissioner (Appeals)'s order confirming the demand for payment of interest on delayed service tax payments through the Cenvat Credit account. The Tribunal emphasized that interest could not be enforced beyond one year without specific grounds like fraud or contravention to the Finance Act being alleged, as per Section 75 of the Finance Act, 1994. Since no such allegations were made and no penalty was proposed, the Tribunal ruled in favor of the appellant, highlighting the importance of specific grounds for enforcing interest beyond one year in such cases. Case-Laws Service Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414583