AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2018 (2) TMI 1666
X X X X Extracts X X X X
X X X X Extracts X X X X
....ate ORDER Per: Ramesh Nair The fact of the case is that the appellant while carrying forward the closing balance of the CENVAT account as on 31.03.2010 to opening balance on 01.04.2010 in their accounting record, mistakenly recorded short amount as opening balance in April, 2010. After realising the mistake they passed a journal voucher/entry for the difference amount whereby the opening ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the Revenue submits that the respondent had not submitted any documentary evidence before the Adjudicating Authority in defence. Therefore the Commissioner (Appeals) without any documentary evidence allowed the appeal. He submits that the respondent only submitted Chartered Accountant certificate regarding explanation for short as on 31.03.2010 and accounting opening balance of CENVAT as on 01.04....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... considered the submissions made by both sides. I find that undisputed fact is that closing balance of CENVAT account as on 31.03.2010 is correct which is not under dispute. The respondent was supposed to carry forward the same closing balance as opening balance on 01.04.2010. Inadvertently while transferring the closing balance as opening balance on 01.04.2010 the short amount of balance was tran....