2012 (7) TMI 261

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..... dated 14.6.2012 requested to decide the matter on merits.   2. Brief facts of the case are that the respondents are engaged in the manufacture of sugar and molasses and were availing credit in respect of the capital goods as well as the inputs. The respondents received certain duty paid capital goods and availed 50% of Cenvat credit of the duty paid on capital goods on receipt of the capital .....

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..... ndents had not claimed the depreciation. It is not clear from this record whether the revised return is accepted by the Income Tax authority. In these circumstances, to verify whether the respondents had not actually claimed the depreciation in the revised return filed and whether the same has been accepted by the Income Tax Department. The impugned order is set aside and the matter is remanded to .....

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