https://www.taxtmi.com/caselaws?id=201556 The Tribunal set aside the dismissal of the appeal due to non-compliance with the stay order, emphasizing the withdrawal of the claim for depreciation in revised income tax returns. The denial of modvat credit was reconsidered upon verification of the acceptance of the revised returns by tax authorities. The matter was remanded for further examination, with the Tribunal directing verification of the revised returns' acceptance. The appellant's appeal was deemed worthy of consideration without pre-deposits if the revised returns were accepted, leading to the disposal of the stay petition and remand for a fresh decision by the Commissioner (Appeals). en-us Mon, 27 Sep 2010 00:00:00 +0530 Sun, 16 Jan 2011 23:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201556 The Tribunal set aside the dismissal of the appeal due to non-compliance with the stay order, emphasizing the withdrawal of the claim for depreciation in revised income tax returns. The denial of modvat credit was reconsidered upon verification of the acceptance of the revised returns by tax authorities. The matter was remanded for further examination, with the Tribunal directing verification of the revised returns' acceptance. The appellant's appeal was deemed worthy of consideration without pre-deposits if the revised returns were accepted, leading to the disposal of the stay petition and remand for a fresh decision by the Commissioner (Appeals). Case-Laws Central Excise Mon, 27 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201556