2012 (7) TMI 261

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..... turn is accepted by the Income Tax authority the matter is remanded back to the adjudicating authority to decide the issue afresh after taking into consideration the assessment order passed on the revised Income Tax Return - in favour of assessee by way of remand. - E/2281/04 - - - Dated:- 18-6-2012 - Mr.S.S. Kang, Mr. Sahab Singh, JJ. For Allellant: Mr. A.K. Prabhakar, Superintendent (A.R .....

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..... Rules, 2002) no credit can be taken on capital goods, if a manufacturer claims depreciation under the Income Tax Act on that part of the value of the goods which represent the duty on said goods. 3. It is an admitted fact that respondents had claimed the depreciation in respect of capital goods on which credit is availed. The respondents in the written submissions submitted that the responden .....

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