2013 (12) TMI 1134

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.... ORDER Heard both sides. 2. Shri M. Karthikeyan, ld. Advocate appearing for the appellants states that the Rules prohibit taking cenvat credit on capital goods and also simultaneously availing depreciation on the same capital goods under the income-tax law. However, there is no such restriction in respect of inputs used in the manufacture of capital goods. Hence, according to him, the appel....