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    <title>2017 (11) TMI 1516 - CESTAT HYDERABAD</title>
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    <description>The tribunal ruled in favor of Finecab, finding that the department&#039;s allegations of irregular availing of Cenvat credit lacked concrete evidence and were based on presumptions. The adjudicating authority&#039;s conclusions were deemed insufficient as they relied on findings without corroborative evidence. Consequently, the appeals by Finecab and its Managing Director were allowed, and the impugned order was set aside, granting consequential benefits as per law.</description>
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      <link>https://www.taxtmi.com/caselaws?id=351637</link>
      <description>The tribunal ruled in favor of Finecab, finding that the department&#039;s allegations of irregular availing of Cenvat credit lacked concrete evidence and were based on presumptions. The adjudicating authority&#039;s conclusions were deemed insufficient as they relied on findings without corroborative evidence. Consequently, the appeals by Finecab and its Managing Director were allowed, and the impugned order was set aside, granting consequential benefits as per law.</description>
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