Lessee cannot claim CENVAT credit on capital goods on which lessor has availed depreciation U/s. 32 of Income Tax Act, 1961

lessor M/s Gujarat Gas Co. Ltd. has availed depreciation under Section 32 of the Income Tax Act, 1961, therefore, the appellant-lessee cannot claim the CENVAT credit on the same capital goods

Lessee cannot claim CENVAT credit on capital goods on which lessor  has availed depreciation U/s. 32 of Income Tax Act, 1961

Briefly stated the facts of the case are that the appellants are engaged in the manufacture of excisable goods, namely paper and

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