https://www.taxtmi.com/caselaws?id=419860 The appeal was filed against the disallowance of Central Excise Duty written off by the assessee. The Assessing Officer added back the Excise duty recoverable to the income due to lack of evidence on non-recoverability. The ld. CIT(A) upheld the addition, emphasizing the importance of evidence. However, the Tribunal allowed the appeal, considering the nature of the business and the practice in the manufacturing sector. It was found that the writing off of unutilized CENVAT credit had been allowed in a previous assessment year. The Tribunal concluded that the CENVAT credit receivables rightly claimed as a deduction, and the appeal of the assessee was allowed. en-us Thu, 17 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419860 The appeal was filed against the disallowance of Central Excise Duty written off by the assessee. The Assessing Officer added back the Excise duty recoverable to the income due to lack of evidence on non-recoverability. The ld. CIT(A) upheld the addition, emphasizing the importance of evidence. However, the Tribunal allowed the appeal, considering the nature of the business and the practice in the manufacturing sector. It was found that the writing off of unutilized CENVAT credit had been allowed in a previous assessment year. The Tribunal concluded that the CENVAT credit receivables rightly claimed as a deduction, and the appeal of the assessee was allowed. Case-Laws Income Tax Thu, 17 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419860