https://www.taxtmi.com/caselaws?id=421438 The appeals challenged an order denying Cenvat credit to the appellant for utilizing credit on copper ingots purchased from VKM. The Tribunal's prior decision confirming VKM's manufacturing activities led to overturning the denial of credit and penalties imposed on the appellant and its Director. The lack of evidence supporting the denial and penalties rendered them unsustainable, resulting in setting aside the impugned order. The judgment emphasizes the importance of factual findings and evidence in tax matters, highlighting the necessity of substantiated allegations in imposing penalties and determining credit validity. en-us Fri, 22 Apr 2022 00:00:00 +0530 Mon, 25 Apr 2022 08:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421438 The appeals challenged an order denying Cenvat credit to the appellant for utilizing credit on copper ingots purchased from VKM. The Tribunal's prior decision confirming VKM's manufacturing activities led to overturning the denial of credit and penalties imposed on the appellant and its Director. The lack of evidence supporting the denial and penalties rendered them unsustainable, resulting in setting aside the impugned order. The judgment emphasizes the importance of factual findings and evidence in tax matters, highlighting the necessity of substantiated allegations in imposing penalties and determining credit validity. Case-Laws Central Excise Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421438