https://www.taxtmi.com/caselaws?id=170276 The Tribunal allowed the appellant's appeal, setting aside the denial of Cenvat Credit on depreciation of capital goods for the period August 2004 to June 2005. The Tribunal determined that the appellant had not availed depreciation during the relevant period, as evidenced by the intimation under Section 143(1) of the Income Tax Act, which showed an increase in income due to added depreciation. Consequently, the appellant was granted the right to claim Cenvat credit on the capital goods, and the stay application was disposed of accordingly. en-us Mon, 15 Nov 2010 00:00:00 +0530 Thu, 21 May 2015 14:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170276 The Tribunal allowed the appellant's appeal, setting aside the denial of Cenvat Credit on depreciation of capital goods for the period August 2004 to June 2005. The Tribunal determined that the appellant had not availed depreciation during the relevant period, as evidenced by the intimation under Section 143(1) of the Income Tax Act, which showed an increase in income due to added depreciation. Consequently, the appellant was granted the right to claim Cenvat credit on the capital goods, and the stay application was disposed of accordingly. Case-Laws Central Excise Mon, 15 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170276