https://www.taxtmi.com/caselaws?id=258733 The tribunal found in favor of the appellant, M/s. Welspun Maxsteel Ltd., in their appeal challenging the denial of input service credit. The tribunal determined that the appellant is eligible for credit on insurance policies related to assets used within the factory for manufacturing activities, while excluding credit for services unrelated to manufacturing. The tribunal set aside the penalty imposed on the appellant and remanded the matter for further assessment, ultimately disposing of the appeal and rendering the stay application moot. en-us Fri, 20 Mar 2015 00:00:00 +0530 Sat, 18 Apr 2015 06:51:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258733 The tribunal found in favor of the appellant, M/s. Welspun Maxsteel Ltd., in their appeal challenging the denial of input service credit. The tribunal determined that the appellant is eligible for credit on insurance policies related to assets used within the factory for manufacturing activities, while excluding credit for services unrelated to manufacturing. The tribunal set aside the penalty imposed on the appellant and remanded the matter for further assessment, ultimately disposing of the appeal and rendering the stay application moot. Case-Laws Service Tax Fri, 20 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258733