TaxTMI 
TaxTMI 
2019 (11) TMI 437
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.... (TECHNICAL) Shri Jatin Mahajan, Advocate for Appellant Shri Rajeev Ranjan, Authorized Representative for Respondent ORDER PER: ARCHANA WADHWA After hearing both the sides we find that the appellant started constructing a hotel and registered with the department for the purpose of availing the Cenvat credit of duty paid on various inputs and inputs services during the period March, 2009 to Oc....
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....dred seventy six). The said notice culminated into an order passed by the lower authorities confirming the demand of interest and imposing penalties. Hence the present appeal. 3. The contention of the appellant is that inasmuch as the credit availed by them was not utilized and remained only a paper entry, the confirmation of interest against them is not in accordance with the law. For the above....
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.... appellant suo motu on realization that the same was not available to them. In such a scenario, no loss of revenue has occurred to the department so as to confirm the interest, which is nothing but payment to compensate any monetary loss. In the absence of the same, confirmation of the interest for making the entry in the records, is neither justified nor in accordance with law declared by the Hon....