Depreciation as per I.T.

The income tax return can be revised for any such mistake or rectification required by the assessee.

Hi dear,

Assessee can claim only one thing on part of excise duty paid by them.

1. Take cenvat credit : 50% in first year and 50% in next year

    OR

2. take benfit of depreciation under section 32 on duty paid part..

if assessee has taken both claim in return, then they should rectify above mistake by filling revise return wiothin  time limit set by department.

"There is No Mistake but i want to take cenvat credit in place of dep."

Sanjeev Jain