https://www.taxtmi.com/caselaws?id=281526 The court set aside the Investment Appraisal Committee's rejection of specific investments and the demand notice as arbitrary. It emphasized the jurisdictional Commissioner's role in approving withdrawals and upheld principles of natural justice, requiring a rational approach in verifying investments. The court clarified that necessary expenses related to setting up plant and machinery should be considered part of the investment. The respondent authorities were allowed to further investigate the petitioner's entitlement to exemptions. en-us Fri, 27 Jul 2018 00:00:00 +0530 Sat, 22 Jun 2019 06:53:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281526 The court set aside the Investment Appraisal Committee's rejection of specific investments and the demand notice as arbitrary. It emphasized the jurisdictional Commissioner's role in approving withdrawals and upheld principles of natural justice, requiring a rational approach in verifying investments. The court clarified that necessary expenses related to setting up plant and machinery should be considered part of the investment. The respondent authorities were allowed to further investigate the petitioner's entitlement to exemptions. Case-Laws Central Excise Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281526