https://www.taxtmi.com/caselaws?id=341880 The High Court set aside the Tribunal's judgment, directing a reconsideration of the appeal on its merits due to lack of evidence on depreciation claimed on capital goods. The Court emphasized the importance of decision-making based on evidence presented, leading to the appeal being allowed and the closure of the pending miscellaneous petition, with no specific cost order. The decision aimed to ensure a fair assessment in compliance with the CENVAT Credit Rules 2004 and the Income Tax Act, 1961. en-us Mon, 10 Apr 2017 00:00:00 +0530 Wed, 27 Dec 2017 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341880 The High Court set aside the Tribunal's judgment, directing a reconsideration of the appeal on its merits due to lack of evidence on depreciation claimed on capital goods. The Court emphasized the importance of decision-making based on evidence presented, leading to the appeal being allowed and the closure of the pending miscellaneous petition, with no specific cost order. The decision aimed to ensure a fair assessment in compliance with the CENVAT Credit Rules 2004 and the Income Tax Act, 1961. Case-Laws Central Excise Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341880