https://www.taxtmi.com/caselaws?id=448935 The Tribunal upheld the demand of Rs. 42,81,673/- plus interest, confirming the reversal of CENVAT credit for services deemed exempted, including works contract services at Chennai Airport. However, it waived the penalty under Rule 15 of the CENVAT Credit Rules, 2004 r/w section 78 of the Finance Act, 1994, due to lack of evidence of intent to evade tax. The appeal was disposed of on 01.02.2024, affirming the demand but setting aside the penalty. en-us Thu, 01 Feb 2024 00:00:00 +0530 Fri, 02 Feb 2024 07:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448935 The Tribunal upheld the demand of Rs. 42,81,673/- plus interest, confirming the reversal of CENVAT credit for services deemed exempted, including works contract services at Chennai Airport. However, it waived the penalty under Rule 15 of the CENVAT Credit Rules, 2004 r/w section 78 of the Finance Act, 1994, due to lack of evidence of intent to evade tax. The appeal was disposed of on 01.02.2024, affirming the demand but setting aside the penalty. Case-Laws Service Tax Thu, 01 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448935