2015 (10) TMI 671

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..... cate, for the Respondent. ORDER Per Court : Heard. 2. The petitioner is questioning the order dated 1st May, 2003, passed by Customs, Excise and Gold (Control) Appellate Tribunal, Bench at Mumbai (hereinafter referred as "CEGAT", for brevity), whereby the CEGAT has allowed the appeal preferred by the present respondent, wherein the order dated 18-4-2002 passed by the Commissioner of Centra .....

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..... Tribunal had observed that the respondent had satisfactorily demonstrated that the respondent had not claimed depreciation for Income tax purpose on the Modvat portion of the capital goods for the relevant period. 5. While assailing the above referred order passed by the CEGAT, the learned Asstt. Solicitor General has submitted that as the respondent-assessee has filed revised income-tax re .....

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..... terms does not provide for acceptance of the revised return, the said Rule needs to be read down to the effect that the credit as is sought for should not have been granted by the CEGAT, based upon the revised return and assessment thereof. The perusal of the order impugned discloses that the CEGAT has dealt with the said issue in detail. The CEGAT has considered all the factual matrix including t .....

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