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2012 (12) TMI 797 - CESTAT NEW DELHICarry forward and set-off of underutilized cenvat credit - change of status due to amalgamation - Held that:- Merger causes diminishing of the status of amalgamating companies after amalgamation. No Right existing before amalgamation cannot be claimed to be a right existing amalgamation - Carry forward and Set-off of unutilised cenvat credit in the hands of amalgamated company is denied - in favour of Revenue.
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