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TMI Blog2014 (2) TMI 1345X X X X Extracts X X X X X X X X Extracts X X X X ..... h was rendered in background of the statutory provisions prevailing before that date - Held that:- Tax Appeal is admitted for consideration of the following substantial question of law : “Whether the Appellate Tribunal has substantially erred in upholding the order of the CIT [A] in deleting the addition made by the Assessing Officer on account of unutilized Cenvat/Modvat credit of ₹ 1,98 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 61,67,077/= claimed to have been made from other parties ? {C} Whether the Appellate Tribunal has substantially erred in upholding the order of the CIT [A] in deleting the addition made by the Assessing Officer on account of unutilized Cenvat/Modvat credit of ₹ 1,98,868/= ? {D} Whether the Appellate Tribunal has substantially erred in applying the ratio of the Hon ble Supre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 145A was introduced with effect from 1st April 1999 which would govern the present situation and not the decision of the Supreme Court in case of Commissioner of IncomeTax v. Indo Nippon Chemicals Company Limited, reported in [2003] 261 ITR 275 (SC) which was rendered in background of the statutory provisions prevailing before that date. He submitted that many Tax Appeals are admitted on this ..... X X X X Extracts X X X X X X X X Extracts X X X X
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