2013 (11) TMI 78

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..... t of Rs.67,320/- and penalty. 2. Heard both sides and perused the records. 3. The applicant availed the credit of Rs.1,24,302/- on capital goods on 1.9.2006 to 1.12.2006 and 1.4.2007. They have also availed depreciation under the Income Tax Act during the period 2007 -08. Subsequently, the audit detected the irregularity and the applicant filed the revised Income Tax return on 23.2.2011 for the .....

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..... d. Vs. CCE - 2011 (267) ELT 92. 6. After considering the submissions of both sides, I find that the original authority disallowed the credit and also allowed to re-credit the same on 23.2.2011, as they have filed the revised return. In view of that, prima facie, they have to pay interest for this period. Accordingly, the applicant is directed to deposit a sum of Rs.30,000/- (Rupees thirty thousan .....

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