https://www.taxtmi.com/caselaws?id=360773 The Judicial Member set aside the Commissioner (Appeals)'s order denying cenvat credit to the appellant for availing simultaneous cenvat credit and depreciation under the Income Tax Act. The appellant rectified the error by filing a revised income tax return, reducing the claimed depreciation by the excise duty amount. The Judicial Member found this rectification aligned with previous decisions, deeming the denial of cenvat credit unsustainable. The appeal was allowed, emphasizing the significance of rectifying errors through revised income tax returns in such cases. en-us Wed, 21 Feb 2018 00:00:00 +0530 Wed, 23 May 2018 07:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360773 The Judicial Member set aside the Commissioner (Appeals)'s order denying cenvat credit to the appellant for availing simultaneous cenvat credit and depreciation under the Income Tax Act. The appellant rectified the error by filing a revised income tax return, reducing the claimed depreciation by the excise duty amount. The Judicial Member found this rectification aligned with previous decisions, deeming the denial of cenvat credit unsustainable. The appeal was allowed, emphasizing the significance of rectifying errors through revised income tax returns in such cases. Case-Laws Central Excise Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360773