CESTAT strikes down ₹2.12 lakh service tax penalty
In short
CESTAT has set aside a Section 78 penalty and the longer time limit in a ₹2.12 lakh service tax case. It said the dispute was revenue neutral and that CENVAT credit could apply.
This matters because the penalty was removed, but the report does not name the taxpayer or say if any tax demand is still left.
What the reporting says
CESTAT set aside extended limitation and a Section 78 penalty in a ₹2.12 lakh service tax dispute. The tribunal cited revenue neutrality and eligibility for CENVAT credit in reaching its decision. The reporting does not identify the taxpayer, the service involved, or whether any tax demand remains after the order.
Why it matters
CESTAT set aside extended limitation and a Section 78 penalty in a ₹2.12 lakh service tax dispute. The summary says the tribunal relied on revenue neutrality and eligibility for CENVAT credit. That means the taxpayer got relief on the penalty issue, but the reporting does not name the party involved or clarify the full tax position after the order.