2019 (1) TMI 1623

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..... Atul Jasani ORDER P. C.: This Appeal is filed by the Revenue challenging the judgment of the Income Tax Appellate Tribunal raising following question for our consideration:- "Whether on the facts and circumstances of the case and in law the Hon'ble Tribunal is justified in deleting the addition made by AO and confirmed by the CIT(A) in respect of the amount of unavailed cen....

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....f Commissioner of Income Tax v/s Diamond Dye Chem Ltd 396 ITR 536 dismissed the Revenue's Appeal making following observations:- "We have considered the submissions. It is not disputed that the assessee was liable to excise duty. The assessee got credit in the excise duty already paid on the raw materials purchased by it and utilized in the manufacturing of excisable goods. The assess....