Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2017 (2) TMI 611

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... NEW DELHI] had held that tyres are necessary accessory to dumpers which are capital goods used in the manufacturing activity and integrally connected in the manufacture of final products - It was further, held that the credit on tyres of dumpers is admissible under the category of inputs - credit allowed - appeal allowed - decided in favor of appellant. - E/20682/2014 - A/30051/2017 - Dated:- 5-1 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ital goods and thus disallowed credit. The appellants/assessee is now before the Tribunal. 2. On behalf of the appellant, the Ld. Counsel Shri. B Venugopal submitted that although the appellant had availed the credit under the category of capital goods, the credit on the Tyres used for dumpers is eligible under the category of inputs. That the Tyres are inputs for the dumpers used for carrying .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 7 (Tri.-LB)] the Larger Bench of Tribunal has held that if the credit is not admissible under the capital goods the same if admissible under the category of inputs, the assessee would be eligible for credit. The Division Bench of the Tribunal in the recent decision rendered in the case of M/s Aditya Cement (supra) as discussed the issue in detail. In the said order the original authority had .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates