https://www.taxtmi.com/caselaws?id=354200 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all three issues. It was held that the cessation of liability under Section 41(1) could not be inferred solely due to the passage of time, factory repairing expenses were deemed routine and not capital in nature, and the addition of unutilized CENVAT credits was considered revenue-neutral and therefore not justified. en-us Thu, 18 Jan 2018 00:00:00 +0530 Sat, 20 Jan 2018 08:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354200 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all three issues. It was held that the cessation of liability under Section 41(1) could not be inferred solely due to the passage of time, factory repairing expenses were deemed routine and not capital in nature, and the addition of unutilized CENVAT credits was considered revenue-neutral and therefore not justified. Case-Laws Income Tax Thu, 18 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354200