Penalty u/s 11AC - procedural lapse - written off of inputs as obsolete in their books of account and did not reverse Cenvat credit pertaining to them - it is a situation of revenue neutrality and appellant has not gained anything by writing off these inputs as obsolete - No penalty - AT
Penalty u/s 11AC - procedural lapse - written off of inputs as obsolete in their books of account and did not reverse Cenvat credit pertaining to them - it is a situation of revenue neutrality and appellant has not gained anything by writing off these inputs as obsolete - No penalty - AT
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