https://www.taxtmi.com/caselaws?id=349490 The Tribunal allowed the appeal and disposed of the cross objection, setting aside the impugned order. The decision was based on the absence of double benefit as heavy losses suffered by the appellant during the relevant period justified the reversal of claimed depreciation and availed Cenvat Credit. The Tribunal found the debiting of depreciation with the total Cenvat Credit availed appropriate in the revised IT return for 2005-2006 to prevent any double benefit, supported by relevant case law. en-us Tue, 19 Sep 2017 00:00:00 +0530 Mon, 16 Oct 2017 09:16:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349490 The Tribunal allowed the appeal and disposed of the cross objection, setting aside the impugned order. The decision was based on the absence of double benefit as heavy losses suffered by the appellant during the relevant period justified the reversal of claimed depreciation and availed Cenvat Credit. The Tribunal found the debiting of depreciation with the total Cenvat Credit availed appropriate in the revised IT return for 2005-2006 to prevent any double benefit, supported by relevant case law. Case-Laws Central Excise Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349490