https://www.taxtmi.com/caselaws?id=356210 The Tribunal upheld the CIT(A)'s decision to delete the addition of unutilized CENVAT credit under section 145A of the Income Tax Act, emphasizing the revenue-neutral nature of the exercise. The Revenue's appeal was dismissed, and the Cross Objection filed by the assessee was also dismissed. The Tribunal found no impact on total profits due to the unutilized CENVAT credit and cited legal propositions and past judgments in support of its decision, including a judgment of the Gujarat High Court. en-us Mon, 12 Feb 2018 00:00:00 +0530 Tue, 27 Feb 2018 07:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356210 The Tribunal upheld the CIT(A)'s decision to delete the addition of unutilized CENVAT credit under section 145A of the Income Tax Act, emphasizing the revenue-neutral nature of the exercise. The Revenue's appeal was dismissed, and the Cross Objection filed by the assessee was also dismissed. The Tribunal found no impact on total profits due to the unutilized CENVAT credit and cited legal propositions and past judgments in support of its decision, including a judgment of the Gujarat High Court. Case-Laws Income Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356210