https://www.taxtmi.com/caselaws?id=255980 The Appellate Tribunal CESTAT MUMBAI upheld the Commissioner (Appeals)' decision in a dispute over CENVAT credit on capital goods. The respondent rectified the issue by disclaiming depreciation benefits, leading to a ruling in their favor. The Tribunal found the Revenue's challenge lacking in substantial grounds and emphasized the necessity of providing valid reasons for appeal. Consequently, the Tribunal dismissed the Revenue's appeal, underscoring the importance of supporting grounds for appeal and the role of revised assessments in determining entitlement to benefits like CENVAT credit. en-us Wed, 26 Mar 2014 00:00:00 +0530 Sat, 31 Jan 2015 13:07:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255980 The Appellate Tribunal CESTAT MUMBAI upheld the Commissioner (Appeals)' decision in a dispute over CENVAT credit on capital goods. The respondent rectified the issue by disclaiming depreciation benefits, leading to a ruling in their favor. The Tribunal found the Revenue's challenge lacking in substantial grounds and emphasized the necessity of providing valid reasons for appeal. Consequently, the Tribunal dismissed the Revenue's appeal, underscoring the importance of supporting grounds for appeal and the role of revised assessments in determining entitlement to benefits like CENVAT credit. Case-Laws Central Excise Wed, 26 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255980