2018 (3) TMI 401

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....) - for Respondent ORDER Per: Ramesh Nair The issue involved in all the appeals is that the Appellants are claiming deduction on account of 'interest on receivables'. The Commissioner (Appeals) in the impugned order has held that the deduction on account of free replacement of breakages and interest on receivables is not admissible. 2. Shri S.S. Gupta Ld. CA, appearing for the Appellant submit....

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....(209) ELT 161 (SC) and Tribunal's orders in their own cases as decided vide Final Order No.115/98 - A dt. 21.01.1998 and Final Order No.1346 - 1349/2005 dt. 28.09.2005. He further submits that once the revenue has accepted principal laid down in earlier case, it cannot be permitted to take contrary stand in subsequent cases. He relies upon the Hon'ble Apex Court judgments in case of Jayswal Neco L....

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....llant provides for 21 days credit. This period is to be reckoned for the purpose of deduction on account of interest on amount receivables for credit period as the Appellant were claiming/ borrowing funds from the bank. We find that this fact has not been disputed by the adjudicating authority. Thus the deduction claimed by the Appellant has to be allowed. Further we find that in Appellant's own c....