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2007 (6) TMI 168 - CESTAT, MUMBAICredit on capital goods – depreciation also claimed on credit amount – decision of CESTAT in the case of Anuradha Sugar Mills Ltd .is fully applicable to this case - since after being pointed out, appellants have filed the revised return with the Income-tax Department reducing the claim to the extent of the credit availed on the capital goods, credit so availed is admissible to the appellants –- once the credit is admissible, penal action is not sustainable – revenue’s appeal rejected
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