https://www.taxtmi.com/caselaws?id=236509 The Tribunal found that the Non-banking Financial Service Company could not claim Cenvat credit on input services related to the sale of loan portfolios, considering it a trading activity. A partial waiver of the time-barred demand was granted, subject to a deposit. The judgment highlighted the need for further examination of issues like the taxability of investments and nature of trading activities during the final hearing, with the balance dues from the order put on hold pending appeal proceedings. en-us Mon, 22 Apr 2013 00:00:00 +0530 Fri, 30 Aug 2013 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236509 The Tribunal found that the Non-banking Financial Service Company could not claim Cenvat credit on input services related to the sale of loan portfolios, considering it a trading activity. A partial waiver of the time-barred demand was granted, subject to a deposit. The judgment highlighted the need for further examination of issues like the taxability of investments and nature of trading activities during the final hearing, with the balance dues from the order put on hold pending appeal proceedings. Case-Laws Service Tax Mon, 22 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236509