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2015 (10) TMI 1236 - AT - Central ExciseDenial of CENVAT Credit - whether CENVAT credit on the capital goods is admissible to the appellant when depreciation claimed under the Income Tax Act, 1961 initially was subsequently reversed by filing revised income tax returns - Held that:- It is observed from the relied upon case laws that this issue has been settled by series of case laws including order passed by this bench in the case of Commissioner of Central Excise, Surat-I vs Utsav Silk Mills [2009 (1) TMI 654 - CESTAT, AHMEDABAD]. - In view of the above settled proposition of the law the present appeal filed by the appellant is covered by the relied upon case law and is accordingly allowed with consequential relief - Decided in favour of assessee.
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