https://www.taxtmi.com/caselaws?id=415662 Inadmissible credit reversed before utilisation does not attract interest, as no actual use of the credit occurs; the Tribunal followed its earlier view despite conflicting precedents. The appellant's later payment of interest was not treated as an admission of liability. Penalty could not survive because it was founded only on the disputed interest demand. The demand of interest and penalty was therefore set aside, with consequential relief granted. en-us Mon, 01 Nov 2021 00:00:00 +0530 Sat, 11 Dec 2021 09:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415662 Inadmissible credit reversed before utilisation does not attract interest, as no actual use of the credit occurs; the Tribunal followed its earlier view despite conflicting precedents. The appellant's later payment of interest was not treated as an admission of liability. Penalty could not survive because it was founded only on the disputed interest demand. The demand of interest and penalty was therefore set aside, with consequential relief granted. Case-Laws Service Tax Mon, 01 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415662