TMI BlogCENVAT credit - capital goods - The entire allegation of revenue is based on flow back of money to ATV....CENVAT credit - capital goods - The entire allegation of revenue is based on flow back of money to ATV. The said allegation is misconceived in as much as admittedly the 4 cranes in questions were leased by IDBI Bank and the ownership of the same vests with IDBI bank only. - demand set aside ..... X X X X Extracts X X X X X X X X Extracts X X X X
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