2007 (9) TMI 150

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....redit. Principally, ld. JDR argued that when the stock was taken over by newly formed company, such denial was justified in respect of such company for want of accounts. Proper ground of appeal has been therefore taken relying on Rule 8(2) of Cenvat Credit Rules, 2002. Ld. JDR forcefully argued that because first appellate order was found to be erroneous, Revenue has come in appeal. Therefore, app....

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....te Authority below passed a reasoned and speaking order making a categorical finding that the respondent had given an intimation in view of stock of inputs which entitled them to the Cenvat credit. Therefore, without any cogent evidence brought by Revenue to impeach finding of the lower appellate authority, the first appellate order should sustain. 3. Heard both sides and perused the records. Rev....