https://www.taxtmi.com/caselaws?id=235963 The Tribunal ruled in a case involving a Non-Banking Finance Company's dispute over Cenvat credit reversal for various services, including interest income from leasing and hypothecation loans. The judgment clarified that only 10% of such interest is taxable, with the remainder being exempt. It addressed the taxability of income from investments and asset sales, emphasizing the need to differentiate between taxable and exempt services. The Tribunal mandated a pre-deposit based on specific factors and allowed the appeal process to continue with a stay on dues collection. en-us Fri, 21 Jun 2013 00:00:00 +0530 Fri, 09 Aug 2013 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235963 The Tribunal ruled in a case involving a Non-Banking Finance Company's dispute over Cenvat credit reversal for various services, including interest income from leasing and hypothecation loans. The judgment clarified that only 10% of such interest is taxable, with the remainder being exempt. It addressed the taxability of income from investments and asset sales, emphasizing the need to differentiate between taxable and exempt services. The Tribunal mandated a pre-deposit based on specific factors and allowed the appeal process to continue with a stay on dues collection. Case-Laws Service Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235963