https://www.taxtmi.com/caselaws?id=779119 CESTAT held that the adjudicating authority rightly allowed adjustment of CENVAT credit of Rs.3,73,933 against a reassessed service tax demand and that the net demand of Rs.12,89,978 had been paid; therefore denial of the CENVAT credit was set aside. The Tribunal found no evidence of willful misstatement, suppression of facts or collusion warranting invocation of the extended period; the revenue failed to establish requisite ingredients in the SCN. Consequently interest and penalty were reconsidered and the penalty under s.78 was set aside. Appeal allowed. en-us Thu, 25 Sep 2025 00:00:00 +0530 Mon, 29 Sep 2025 08:27:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779119 CESTAT held that the adjudicating authority rightly allowed adjustment of CENVAT credit of Rs.3,73,933 against a reassessed service tax demand and that the net demand of Rs.12,89,978 had been paid; therefore denial of the CENVAT credit was set aside. The Tribunal found no evidence of willful misstatement, suppression of facts or collusion warranting invocation of the extended period; the revenue failed to establish requisite ingredients in the SCN. Consequently interest and penalty were reconsidered and the penalty under s.78 was set aside. Appeal allowed. Case-Laws Service Tax Thu, 25 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779119