https://www.taxtmi.com/caselaws?id=960 The Tribunal ruled in favor of the appellant, M/s. Sangam (India) Ltd., in a case involving the alleged transfer of a power generating unit within the same company. The denial of Modvat credit and penalties imposed on the appellant were reversed as the Tribunal found no merit in the revenue's contentions regarding the transfer. It was concluded that separate accounting for management purposes did not establish separate legal entities, leading to the dismissal of the allegations. The appeals were allowed, granting relief to the appellant by setting aside the denial of credit and penalties. en-us Fri, 22 Sep 2006 00:00:00 +0530 Sun, 13 Apr 2008 19:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=960 The Tribunal ruled in favor of the appellant, M/s. Sangam (India) Ltd., in a case involving the alleged transfer of a power generating unit within the same company. The denial of Modvat credit and penalties imposed on the appellant were reversed as the Tribunal found no merit in the revenue's contentions regarding the transfer. It was concluded that separate accounting for management purposes did not establish separate legal entities, leading to the dismissal of the allegations. The appeals were allowed, granting relief to the appellant by setting aside the denial of credit and penalties. Case-Laws Central Excise Fri, 22 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=960