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Service Tax - Highlights / Catch Notes

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Denial of CENVAT Credit with penalty - suppression of facts or ...


CENVAT Credit Denial Overturned: No Evidence of Fact Suppression by Bank Under Finance Act Section 73.

October 13, 2021

Case Laws     Service Tax     HC

Denial of CENVAT Credit with penalty - suppression of facts or not - The material on record does not indicate that the respondent-Bank has indulged in any one of the ingredients contemplated under Section 73 of the Finance Act, 1994 and therefore, the proviso to Section 73 of the Act would not be available to the revenue. - HC

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