2015 (1) TMI 1179

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..... -tax Act, 1961 which revised the Income-tax returns of the respondent on the ground that they have not claimed double benefit of Cenvat credit as well as depreciation, therefore, the respondents are entitled for Cenvat credit, and rejected the appeal of the Revenue. I also find that the Revenue has not given any reason as to why this order is not correct. Merely saying the impugned order is not co .....

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..... ese capital goods. Therefore, impugned proceedings were initiated and CENVAT Credit on capital goods was denied as the respondent are not entitled to claim depreciation as well as Cenvat credit on these capital goods. Thereafter, the respondent filed a revised Income-tax returns under Section 154 of the Income-tax Act, 1961 before the Income-tax Department for dis-claming the depreciation of the c .....

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..... x Act, 1961 which revised the Income-tax returns of the respondent on the ground that they have not claimed double benefit of Cenvat credit as well as depreciation, therefore, the respondents are entitled for Cenvat credit, and rejected the appeal of the Revenue. I also find that the Revenue has not given any reason as to why this order is not correct. Merely saying the impugned order is not corre .....

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