https://www.taxtmi.com/caselaws?id=792465 Extended limitation could not be invoked for a second show cause notice where the Department was already aware of the same alleged wrong credit availment and no suppression was established. Credit attributable to trading activity, treated as a non-taxable activity, was held inadmissible to that extent and required proportionate reversal for the normal period. Penalties could not survive in the form imposed once the demand was confined to the normal period and recalculated on that basis. The matter was therefore remanded only for quantification of the reversible credit. en-us Tue, 26 May 2026 00:00:00 +0530 Fri, 29 May 2026 08:59:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792465 Extended limitation could not be invoked for a second show cause notice where the Department was already aware of the same alleged wrong credit availment and no suppression was established. Credit attributable to trading activity, treated as a non-taxable activity, was held inadmissible to that extent and required proportionate reversal for the normal period. Penalties could not survive in the form imposed once the demand was confined to the normal period and recalculated on that basis. The matter was therefore remanded only for quantification of the reversible credit. Case-Laws Service Tax Tue, 26 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792465