https://www.taxtmi.com/caselaws?id=339343 The Tribunal upheld the Ld Commissioner (Appeals) decision, rejecting the Revenue's appeal against availing Cenvat Credit on Furnace Oil used for electricity generation in a project's trial run. The case focused on capitalizing Furnace Oil under fixed assets, with the respondent following accounting principles and presenting a Chartered Accountant's Certificate. The Tribunal found in favor of the respondent, emphasizing proper credit utilization and adherence to accounting standards in capitalizing project expenses under fixed assets, leading to the dismissal of the Revenue's appeal. en-us Mon, 02 Jan 2017 00:00:00 +0530 Fri, 24 Feb 2017 19:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339343 The Tribunal upheld the Ld Commissioner (Appeals) decision, rejecting the Revenue's appeal against availing Cenvat Credit on Furnace Oil used for electricity generation in a project's trial run. The case focused on capitalizing Furnace Oil under fixed assets, with the respondent following accounting principles and presenting a Chartered Accountant's Certificate. The Tribunal found in favor of the respondent, emphasizing proper credit utilization and adherence to accounting standards in capitalizing project expenses under fixed assets, leading to the dismissal of the Revenue's appeal. Case-Laws Central Excise Mon, 02 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339343