https://www.taxtmi.com/caselaws?id=762502 The Tribunal determined that the appellant, engaged in telecom infrastructural support services, correctly followed the prescribed method for Cenvat credit reversal and netting off without discrepancies, and thus no interest was payable. Additionally, since there was no intent to deceive and the department was aware of the method used, the penalty under Section 77(2) of the Finance Act, 1994 was deemed inapplicable. Consequently, the impugned order was set aside, and the appellant was granted relief in accordance with the decision. en-us Mon, 25 Nov 2024 00:00:00 +0530 Tue, 03 Dec 2024 08:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762502 The Tribunal determined that the appellant, engaged in telecom infrastructural support services, correctly followed the prescribed method for Cenvat credit reversal and netting off without discrepancies, and thus no interest was payable. Additionally, since there was no intent to deceive and the department was aware of the method used, the penalty under Section 77(2) of the Finance Act, 1994 was deemed inapplicable. Consequently, the impugned order was set aside, and the appellant was granted relief in accordance with the decision. Case-Laws Service Tax Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762502