https://www.taxtmi.com/caselaws?id=249294 The appeal against the order of the Commissioner of Income Tax (Appeals) regarding the addition of unutilized CENVAT credit under section 143(3) for Assessment Year 2005-06 was dismissed. The court upheld the decision of the Commissioner of Income Tax (Appeals) to reduce the addition on unutilized CENVAT credit, emphasizing the importance of proper accounting methods and compliance with legal provisions and accounting standards. The Revenue's appeal challenging the decision was not successful, and the judgment favored the Assessee in this case. en-us Fri, 13 Jun 2014 00:00:00 +0530 Thu, 10 Jul 2014 07:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249294 The appeal against the order of the Commissioner of Income Tax (Appeals) regarding the addition of unutilized CENVAT credit under section 143(3) for Assessment Year 2005-06 was dismissed. The court upheld the decision of the Commissioner of Income Tax (Appeals) to reduce the addition on unutilized CENVAT credit, emphasizing the importance of proper accounting methods and compliance with legal provisions and accounting standards. The Revenue's appeal challenging the decision was not successful, and the judgment favored the Assessee in this case. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249294