Home Case Index All Cases Service Tax Service Tax + AT Service Tax - 2010 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (7) TMI 314 - CESTAT, NEW DELHIPenalty - Proper records were not maintained by the assessee to record input services separately for the exempted and taxable services - Cenvat credit was utilized - assessee agreed to utilise Cenvat credit to a limited extent of 20% as prescribed by Rules - Excess credit taken was paid back to revenue alongwith interest - revenue proceeded with levy of penalty against the assessee - assessee prays for waiver - Held that: - conduct of the assessee is appreciable from the adjudication finding itself - assessee does fee not deserve to be deterrently penalized - penalty is waived and the appellate order set aside
|