https://www.taxtmi.com/caselaws?id=337376 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order that the disallowance of CENVAT credit was not justified. The Tribunal found that the Assessing Officer failed to provide adequate evidence to prove the alleged misuse of CENVAT credit. It was emphasized that there was a lack of independent inquiry and corroborative evidence, leading to the conclusion that the disallowance did not impact the taxable income of the assessee. en-us Thu, 05 Jan 2017 00:00:00 +0530 Sat, 07 Jan 2017 10:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337376 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order that the disallowance of CENVAT credit was not justified. The Tribunal found that the Assessing Officer failed to provide adequate evidence to prove the alleged misuse of CENVAT credit. It was emphasized that there was a lack of independent inquiry and corroborative evidence, leading to the conclusion that the disallowance did not impact the taxable income of the assessee. Case-Laws Income Tax Thu, 05 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337376