CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
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The CESTAT ruled in favor of the appellant, holding that CENVAT credit of Rs.57,68,603/- on input services used in setting up a cement plant was eligible despite the removal of "setting up" from the definition of "input service" effective April 2011. The Tribunal found the appellant properly availed credit for banking, management, legal consultancy, and installation services under Rule 2(l) of CENVAT Credit Rules. Additionally, CENVAT credit of Rs.32,557/- based on debit notes for rent was deemed valid as they contained all details required by Rule 4A of Service Tax Rules. The demand for interest of Rs.24,88,246/- was set aside since the appellant maintained sufficient CENVAT credit balance. Penalties under Section 78 of Finance Act were also vacated.
The CESTAT ruled in favor of the appellant, holding that CENVAT credit of Rs.57,68,603/- on input services used in setting up a cement plant was eligible despite the removal of "setting up" from the definition of "input service" effective April 2011. The Tribunal found the appellant properly availed credit for banking, management, legal consultancy, and installation services under Rule 2(l) of CENVAT Credit Rules. Additionally, CENVAT credit of Rs.32,557/- based on debit notes for rent was deemed valid as they contained all details required by Rule 4A of Service Tax Rules. The demand for interest of Rs.24,88,246/- was set aside since the appellant maintained sufficient CENVAT credit balance. Penalties under Section 78 of Finance Act were also vacated.
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