https://www.taxtmi.com/caselaws?id=214182 The Tribunal upheld the department's decision to deny CENVAT credit on a stockbroker's service used for selling shares, as the appellant failed to establish a clear integral connection between the service and their business activities. Despite arguments citing business necessity and case laws, the lack of specifics on how the sale proceeds were utilized for operational purposes led to the rejection of the appellant's claim. The Tribunal emphasized the burden on the appellant to prove the nexus, ultimately dismissing the appeals and rejecting the claim for CENVAT credit. en-us Wed, 04 Jan 2012 00:00:00 +0530 Fri, 01 Aug 2014 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214182 The Tribunal upheld the department's decision to deny CENVAT credit on a stockbroker's service used for selling shares, as the appellant failed to establish a clear integral connection between the service and their business activities. Despite arguments citing business necessity and case laws, the lack of specifics on how the sale proceeds were utilized for operational purposes led to the rejection of the appellant's claim. The Tribunal emphasized the burden on the appellant to prove the nexus, ultimately dismissing the appeals and rejecting the claim for CENVAT credit. Case-Laws Service Tax Wed, 04 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214182