CENVAT Credit Claim Dismissed: IDBI Bank Retains Ownership of Leased Cranes, No Liability for ATV.

CENVAT Credit Claim Dismissed: IDBI Bank Retains Ownership of Leased Cranes, No Liability for ATV. https://www.taxtmi.com/highlights?id=36263 CENVAT credit - capital goods - The entire allegation of revenue is based on flow back of money to ATV. The said allegation is misconceived in as much as admittedly the 4 cranes in questions were leased by IDBI Bank and the ownership of the same vests with IDBI bank only. - demand set aside en-us Mon, 11 Sep 2017 10:13:17 +0530 Mon, 11 Sep 2017 10:13:17 +0530 TaxTMI RSS Generator CENVAT Credit Claim Dismissed: IDBI Bank Retains Ownership of Leased Cranes, No Liability for ATV. https://www.taxtmi.com/highlights?id=36263 CENVAT credit - capital goods - The entire allegation of revenue is based on flow back of money to ATV. The said allegation is misconceived in as much as admittedly the 4 cranes in questions were leased by IDBI Bank and the ownership of the same vests with IDBI bank only. - demand set aside Highlights Central Excise Mon, 11 Sep 2017 10:13:17 +0530 https://www.taxtmi.com/highlights?id=36263