2014 (1) TMI 167

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..... and payable to the department and the certificate issued by the Chartered Accountant which explains the whole process in detail and therefore certified that there is no enrichment. ledger in respect of government dues and receivables only netting has been done and this is in accordance with accounting practice. Appellants are using crude petroleum oil and once the amount is shown as receivable in .....

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..... subject matter of these two appeals in this case. Both the appeals have been rejected on the same ground in the impugned order. Since the issues involved in both cases are same, a common order is being passed. 2. The refund claims have been rejected on the ground that the appellants have shown the amount as receivable but have adjusted the same with the amount payable by them to the government a .....

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..... imately even in the balance sheet, netting happens. Therefore he submits that the observations of the learned Commissioner in the order about netting out and increase in revenue are not correct. He drew the attention to the ledger which shows the amount receivable and payable to the department and the certificate issued by the Chartered Accountant which explains the whole process in detail and the .....

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