https://www.taxtmi.com/caselaws?id=240950 The Tribunal ruled in favor of the appellant, allowing the stay petition and dismissing the Revenue's objections regarding the self-book adjustment and refund claim requirement for the credit adjustment made by the appellant. The Tribunal emphasized that the informal permission granted during discussions by the Assistant Commissioner constituted approval for the credit adjustment, deeming it as a book adjustment. The Revenue's argument citing a judgment upholding the requirement of a refund claim for suo motu credit was rejected by the Tribunal, which noted that the Revenue did not dispute the availability of the re-credit to the appellant on merit. en-us Fri, 26 Oct 2012 00:00:00 +0530 Sat, 14 Dec 2013 09:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240950 The Tribunal ruled in favor of the appellant, allowing the stay petition and dismissing the Revenue's objections regarding the self-book adjustment and refund claim requirement for the credit adjustment made by the appellant. The Tribunal emphasized that the informal permission granted during discussions by the Assistant Commissioner constituted approval for the credit adjustment, deeming it as a book adjustment. The Revenue's argument citing a judgment upholding the requirement of a refund claim for suo motu credit was rejected by the Tribunal, which noted that the Revenue did not dispute the availability of the re-credit to the appellant on merit. Case-Laws Service Tax Fri, 26 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240950