https://www.taxtmi.com/caselaws?id=435193 Penalty under Section 78 and Section 77(1)(c) is stated to be unsustainable where the assessee maintained books, filed returns, paid admitted tax, and no suppression, fraud, or misrepresentation was shown in the tax computation dispute. The note also treats Cenvat credit on employee group insurance services as admissible because the cover was connected with medical and accident benefits and was not a personal or unrelated expense. It further indicates that the tax liability should be recomputed after giving effect to these findings, with cash refund of any excess amount if payment in excess is found. en-us Fri, 03 Mar 2023 00:00:00 +0530 Wed, 15 Mar 2023 08:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435193 Penalty under Section 78 and Section 77(1)(c) is stated to be unsustainable where the assessee maintained books, filed returns, paid admitted tax, and no suppression, fraud, or misrepresentation was shown in the tax computation dispute. The note also treats Cenvat credit on employee group insurance services as admissible because the cover was connected with medical and accident benefits and was not a personal or unrelated expense. It further indicates that the tax liability should be recomputed after giving effect to these findings, with cash refund of any excess amount if payment in excess is found. Case-Laws Service Tax Fri, 03 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435193