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CENVAT Credit Dispute: Commissioner (Appeals) Decision Overturned; Respondent Benefited from Fake Transactions Despite No Active Role.
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....CENVAT Credit - It is also difficult to accept the finding of the Commissioner (Appeals) that the respondent was not a party to the fake transactions. It is only the respondent who was to gain by adoption of such a mode and, therefore, the conclusion that even though only invoices were received by the respondent without the goods, the respondent had no role to play is perverse. - AT....