https://www.taxtmi.com/caselaws?id=793979 Extended limitation, service tax demand and related penalties could not be sustained where the disputed transactions were reflected in the books and statutory returns, and the record showed no suppression, wilful misstatement or intent to evade tax; the department's extended-period invocation therefore failed. CENVAT credit adjustment was allowed for excess service tax paid on advances where bookings were later cancelled, because the rules permitted credit of excess tax paid when the underlying consideration was refunded or credit notes were issued; the connected disallowance and penalties were set aside. The appellate order was therefore set aside and the assessee received full relief. en-us Thu, 25 Jun 2026 00:00:00 +0530 Sat, 27 Jun 2026 08:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793979 Extended limitation, service tax demand and related penalties could not be sustained where the disputed transactions were reflected in the books and statutory returns, and the record showed no suppression, wilful misstatement or intent to evade tax; the department's extended-period invocation therefore failed. CENVAT credit adjustment was allowed for excess service tax paid on advances where bookings were later cancelled, because the rules permitted credit of excess tax paid when the underlying consideration was refunded or credit notes were issued; the connected disallowance and penalties were set aside. The appellate order was therefore set aside and the assessee received full relief. Case-Laws Service Tax Thu, 25 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793979