https://www.taxtmi.com/caselaws?id=258429 Simultaneous availment of Cenvat credit on capital goods and depreciation under the Income-tax Act is treated as impermissible where depreciation is claimed under Section 32 on the same goods. The record noted that the adjudicating authority had already examined the revised returns and the declaration under Rule 4(4) of the Cenvat Credit Rules, 2002, so a remand based only on the filing of revised returns was unnecessary. The original adjudication was restored, and the demand sustained by that order remained in force on the Revenue's side. en-us Thu, 19 Mar 2015 00:00:00 +0530 Thu, 09 Apr 2015 06:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258429 Simultaneous availment of Cenvat credit on capital goods and depreciation under the Income-tax Act is treated as impermissible where depreciation is claimed under Section 32 on the same goods. The record noted that the adjudicating authority had already examined the revised returns and the declaration under Rule 4(4) of the Cenvat Credit Rules, 2002, so a remand based only on the filing of revised returns was unnecessary. The original adjudication was restored, and the demand sustained by that order remained in force on the Revenue's side. Case-Laws Central Excise Thu, 19 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258429