https://www.taxtmi.com/caselaws?id=286892 The Tribunal dismissed Revenue's appeal against the deletion of disallowance for CENVAT credit on capital goods under section 154 of the Income Tax Act. The Commissioner's decision to delete the disallowance was upheld, emphasizing that section 154 cannot rectify debatable issues and is limited to correcting mistakes apparent on the face of the record. The Tribunal concurred that the issue was debatable and required a conscious decision-making process, supporting the Commissioner's reliance on judicial decisions. Consequently, the Revenue's appeal was dismissed, affirming the Commissioner's order. en-us Wed, 25 May 2016 00:00:00 +0530 Wed, 25 Mar 2020 13:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286892 The Tribunal dismissed Revenue's appeal against the deletion of disallowance for CENVAT credit on capital goods under section 154 of the Income Tax Act. The Commissioner's decision to delete the disallowance was upheld, emphasizing that section 154 cannot rectify debatable issues and is limited to correcting mistakes apparent on the face of the record. The Tribunal concurred that the issue was debatable and required a conscious decision-making process, supporting the Commissioner's reliance on judicial decisions. Consequently, the Revenue's appeal was dismissed, affirming the Commissioner's order. Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286892