https://www.taxtmi.com/caselaws?id=772652 CESTAT Kolkata allowed the appeal, setting aside the order denying CENVAT credit. The tribunal held that credit cannot be denied based on SEBI's alert letter issued 16 months after appellant obtained NOC, as the alert was issued much later than the transaction date. Non-payment of service tax by the service provider is insufficient grounds to deny credit without proving appellant's connivance. Statements recorded during investigation lack evidentiary value without Section 9D compliance. The show-cause notice was time-barred as credit was properly reflected in books and returns. Consequently, no penalty was imposable. en-us Wed, 11 Jun 2025 00:00:00 +0530 Thu, 12 Jun 2025 07:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772652 CESTAT Kolkata allowed the appeal, setting aside the order denying CENVAT credit. The tribunal held that credit cannot be denied based on SEBI's alert letter issued 16 months after appellant obtained NOC, as the alert was issued much later than the transaction date. Non-payment of service tax by the service provider is insufficient grounds to deny credit without proving appellant's connivance. Statements recorded during investigation lack evidentiary value without Section 9D compliance. The show-cause notice was time-barred as credit was properly reflected in books and returns. Consequently, no penalty was imposable. Case-Laws Service Tax Wed, 11 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772652