https://www.taxtmi.com/caselaws?id=435193 Penalties for suppression-based contraventions under Sections 78 and 77(1)(c) are unsustainable where registered taxpayers maintain records, file returns, pay admitted tax, and the differential liability arises from a bona fide computation or abatement dispute without fraud, misstatement, or wilful suppression. Cenvat credit for employee group insurance covering medical and accident benefits is admissible when connected with business operations rather than personal or unrelated expenditure. Following deletion of penalties and allowance of the disputed credit, tax liability requires recalculation, with cash refund of any excess payment after adjustment. 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 Penalties for suppression-based contraventions under Sections 78 and 77(1)(c) are unsustainable where registered taxpayers maintain records, file returns, pay admitted tax, and the differential liability arises from a bona fide computation or abatement dispute without fraud, misstatement, or wilful suppression. Cenvat credit for employee group insurance covering medical and accident benefits is admissible when connected with business operations rather than personal or unrelated expenditure. Following deletion of penalties and allowance of the disputed credit, tax liability requires recalculation, with cash refund of any excess payment after adjustment. Case-Laws Service Tax Fri, 03 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435193