Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
Reversal of CENVAT credit - Investment in shares - Exempt service or not - The Appellate Tribunal concurred with the appellant's argument that investment activities do not constitute a service. They emphasized that trading in securities does not qualify as a service, let alone an exempted service. Therefore, the demand for tax on investment income was deemed erroneous, and the impugned order was set aside.