https://www.taxtmi.com/caselaws?id=360249 The appellants were denied Cenvat Credit due to simultaneous claiming of depreciation under the Income Tax Act. The original demand of &8377;18 lakhs was reduced to &8377;17.31 lakhs after a report showed the depreciation claim was only &8377;1,05,057. The Commissioner (Appeals) upheld the denial of credit due to lack of evidence supporting the appellants' claim. The judgment set aside the previous decision, remanding the matter for further action, emphasizing the need for concrete evidence to substantiate the claim. en-us Wed, 25 Apr 2018 00:00:00 +0530 Mon, 14 May 2018 06:13:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360249 The appellants were denied Cenvat Credit due to simultaneous claiming of depreciation under the Income Tax Act. The original demand of &8377;18 lakhs was reduced to &8377;17.31 lakhs after a report showed the depreciation claim was only &8377;1,05,057. The Commissioner (Appeals) upheld the denial of credit due to lack of evidence supporting the appellants' claim. The judgment set aside the previous decision, remanding the matter for further action, emphasizing the need for concrete evidence to substantiate the claim. Case-Laws Central Excise Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360249