Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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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