https://www.taxtmi.com/caselaws?id=421192 The Tribunal allowed the appeal filed by the assessee, condoning the delay in filing and directing reexamination of the disallowance of reversal of CENVAT credit on scrap written off and withholding tax debited into rates & taxes account. The Tribunal emphasized the need for the assessee to provide necessary details to support the CENVAT credit reversal and considered withholding tax as a deductible cost of borrowings based on the loan agreements. The appeal was treated as allowed for statistical purposes, with detailed directions provided by the Tribunal. en-us Tue, 12 Apr 2022 00:00:00 +0530 Tue, 19 Apr 2022 08:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421192 The Tribunal allowed the appeal filed by the assessee, condoning the delay in filing and directing reexamination of the disallowance of reversal of CENVAT credit on scrap written off and withholding tax debited into rates & taxes account. The Tribunal emphasized the need for the assessee to provide necessary details to support the CENVAT credit reversal and considered withholding tax as a deductible cost of borrowings based on the loan agreements. The appeal was treated as allowed for statistical purposes, with detailed directions provided by the Tribunal. Case-Laws Income Tax Tue, 12 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421192