Unjustified Reconciliation Statement Rejection: CESTAT Orders Re-adjudication

Jagat Janani Services Vs Commissioner of Central Excise (CESTAT Kolkata)  Introduction: In a recent turn of events, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in Kolkata directed a re-adjudication in the case of Jagat Janani Services Vs Commissioner of Central Excise. This comes after the adjudicating authority rejected the reconciliation statement, submitted by Jagat Janani Services, without any clear reasoning. Analysis: The appeal by Jagat Janani Services came against the impugned order confirming the demand of Rs. 4,51,51,404/-. The initial demand was based on discre...