https://www.taxtmi.com/caselaws?id=424243 The Tribunal ruled in favor of the appellant on both issues. Concerning the taxability of drilling for oil exploration between July 2009 and February 2010, the demand for tax was deemed unsustainable as the transactions were found not taxable under the relevant notification. Regarding the recovery of CENVAT credit on 'input' and 'input service' from October 2008 to February 2010, the liability for interest and penalty was considered unwarranted due to the voluntary reversal of the credit, leading to the setting aside of the impugned order. en-us Tue, 07 Jun 2022 00:00:00 +0530 Mon, 24 Jul 2023 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424243 The Tribunal ruled in favor of the appellant on both issues. Concerning the taxability of drilling for oil exploration between July 2009 and February 2010, the demand for tax was deemed unsustainable as the transactions were found not taxable under the relevant notification. Regarding the recovery of CENVAT credit on 'input' and 'input service' from October 2008 to February 2010, the liability for interest and penalty was considered unwarranted due to the voluntary reversal of the credit, leading to the setting aside of the impugned order. Case-Laws Service Tax Tue, 07 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424243