https://www.taxtmi.com/caselaws?id=331156 The Tribunal upheld the decision that simultaneous claiming of CENVAT credit and depreciation on the same amount was impermissible under Rule 4(4) of the Cenvat Credit Rules. It found the appellant had suppressed facts, leading to the correct demand within the extended period. Consequently, the Tribunal dismissed the appeal, affirming the inadmissibility of CENVAT credit and depreciation and the timely raised demand due to suppression of facts. en-us Thu, 21 Jan 2016 00:00:00 +0530 Wed, 21 Dec 2016 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331156 The Tribunal upheld the decision that simultaneous claiming of CENVAT credit and depreciation on the same amount was impermissible under Rule 4(4) of the Cenvat Credit Rules. It found the appellant had suppressed facts, leading to the correct demand within the extended period. Consequently, the Tribunal dismissed the appeal, affirming the inadmissibility of CENVAT credit and depreciation and the timely raised demand due to suppression of facts. Case-Laws Central Excise Thu, 21 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331156