https://www.taxtmi.com/caselaws?id=205641 Cenvat credit on capital goods was inadmissible where depreciation under the Income-tax Act had also been claimed for the same period, because eligibility had to be tested with reference to the position during the relevant financial years; later revised income-tax returns did not cure the original breach. The demand was also not time-barred, as limitation under Section 11A of the Central Excise Act, 1944 runs from the statutory relevant date and not from the date of departmental audit or detection. On both merits and limitation, recovery, interest and penalty were sustained. en-us Tue, 25 Jan 2011 00:00:00 +0530 Wed, 17 Aug 2011 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205641 Cenvat credit on capital goods was inadmissible where depreciation under the Income-tax Act had also been claimed for the same period, because eligibility had to be tested with reference to the position during the relevant financial years; later revised income-tax returns did not cure the original breach. The demand was also not time-barred, as limitation under Section 11A of the Central Excise Act, 1944 runs from the statutory relevant date and not from the date of departmental audit or detection. On both merits and limitation, recovery, interest and penalty were sustained. Case-Laws Central Excise Tue, 25 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205641