https://www.taxtmi.com/caselaws?id=246209 The Tribunal allowed the appeal, setting aside the denial of CENVAT credit on capital goods for the years 2007-08 and 2008-09. The appellant's filing of revised Income Tax returns for the relevant years, without claiming depreciation on the same CENVAT credit, was found to entitle them to the credit. Relying on a precedent from the High Court of Bombay, the Tribunal granted the appellant the CENVAT credit on capital goods and provided consequential relief, disposing of the stay application. en-us Fri, 04 Jan 2013 00:00:00 +0530 Sat, 19 Apr 2014 10:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246209 The Tribunal allowed the appeal, setting aside the denial of CENVAT credit on capital goods for the years 2007-08 and 2008-09. The appellant's filing of revised Income Tax returns for the relevant years, without claiming depreciation on the same CENVAT credit, was found to entitle them to the credit. Relying on a precedent from the High Court of Bombay, the Tribunal granted the appellant the CENVAT credit on capital goods and provided consequential relief, disposing of the stay application. Case-Laws Central Excise Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246209