https://www.taxtmi.com/caselaws?id=201930 The Tribunal allowed the applicant's appeal, considering the services for arranging the loan as 'input services' under business auxiliary service. The denial of Cenvat credit on service tax paid by a third party was overturned, leading to the waiver of the penalty imposed. The Tribunal's decision impliedly validated the credit taken on the service tax paid by the third party, casting doubt on the penalty's validity. The Tribunal stayed the recovery of dues until the appeal's disposal, emphasizing the importance of the loan in the applicant's business activities. en-us Fri, 25 Jun 2010 00:00:00 +0530 Sat, 18 May 2013 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201930 The Tribunal allowed the applicant's appeal, considering the services for arranging the loan as 'input services' under business auxiliary service. The denial of Cenvat credit on service tax paid by a third party was overturned, leading to the waiver of the penalty imposed. The Tribunal's decision impliedly validated the credit taken on the service tax paid by the third party, casting doubt on the penalty's validity. The Tribunal stayed the recovery of dues until the appeal's disposal, emphasizing the importance of the loan in the applicant's business activities. Case-Laws Service Tax Fri, 25 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201930