https://www.taxtmi.com/caselaws?id=215881 The appellant's challenge against the denial of Cenvat credit on service tax paid for stock broker services was successful. The denial was based on the argument that the service tax was not related to the manufacturing activity. However, the appellant's activities in the telecommunication sector, including holding shares in Airtel, were deemed connected to their business. The Tribunal emphasized the need to evaluate if the service tax paid was related to the business activity, leading to a waiver of pre-deposit and a stay against the recovery of dues during the appeal process. en-us Tue, 21 Jun 2011 00:00:00 +0530 Thu, 23 Aug 2012 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215881 The appellant's challenge against the denial of Cenvat credit on service tax paid for stock broker services was successful. The denial was based on the argument that the service tax was not related to the manufacturing activity. However, the appellant's activities in the telecommunication sector, including holding shares in Airtel, were deemed connected to their business. The Tribunal emphasized the need to evaluate if the service tax paid was related to the business activity, leading to a waiver of pre-deposit and a stay against the recovery of dues during the appeal process. Case-Laws Service Tax Tue, 21 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215881