https://www.taxtmi.com/caselaws?id=426262 The tribunal set aside the demand for wrongly availed cenvat credit and penalty related to the service tax demand, ruling in favor of the appellants. The tribunal considered the interpretational nature of the trading activities issue, the absence of evidence of fraud, collusion, or suppression of facts, and the ongoing litigation on the exemption status of trading. As a result, the tribunal deemed the demand time-barred and upheld the service tax payment while waiving the penalty. The appeal was partly allowed, providing relief to the appellants in line with legal principles and precedents cited. en-us Wed, 10 Aug 2022 00:00:00 +0530 Fri, 12 Aug 2022 08:28:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426262 The tribunal set aside the demand for wrongly availed cenvat credit and penalty related to the service tax demand, ruling in favor of the appellants. The tribunal considered the interpretational nature of the trading activities issue, the absence of evidence of fraud, collusion, or suppression of facts, and the ongoing litigation on the exemption status of trading. As a result, the tribunal deemed the demand time-barred and upheld the service tax payment while waiving the penalty. The appeal was partly allowed, providing relief to the appellants in line with legal principles and precedents cited. Case-Laws Service Tax Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426262