https://www.taxtmi.com/caselaws?id=160992 The Court upheld the Tribunal's decision to allow the respondent to reverse Cenvat credit on capital goods before utilization to claim depreciation under the Income Tax Act. The Court found that this action did not violate the relevant notification, as it was equivalent to not taking the credit. Consequently, the appeal was dismissed, affirming the legality of the respondent's actions. en-us Thu, 07 Oct 2010 00:00:00 +0530 Tue, 23 Sep 2014 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160992 The Court upheld the Tribunal's decision to allow the respondent to reverse Cenvat credit on capital goods before utilization to claim depreciation under the Income Tax Act. The Court found that this action did not violate the relevant notification, as it was equivalent to not taking the credit. Consequently, the appeal was dismissed, affirming the legality of the respondent's actions. Case-Laws Central Excise Thu, 07 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160992