Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Reversal of Cenvat credit proportionate to input service used for exempted goods along with interest is a valid option u/r 6(3) of Cenvat Credit Rules, 2004, and Revenue cannot insist on payment of 10% amount of value of exempted goods when assessee has opted for reversal with interest. Tribunal properly acted as appellate authority u/s 35C of Central Excise Act, 1944, and no substantial question of law arises from its order.
Reversal of Cenvat credit proportionate to input service used for exempted goods along with interest is a valid option u/r 6(3) of Cenvat Credit Rules, 2004, and Revenue cannot insist on payment of 10% amount of value of exempted goods when assessee has opted for reversal with interest. Tribunal properly acted as appellate authority u/s 35C of Central Excise Act, 1944, and no substantial question of law arises from its order.
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