https://www.taxtmi.com/caselaws?id=327395 The Tribunal ruled in favor of the appellant, a telecommunication services provider, in a case involving a demand of around Rs. 87.40 crores for Service Tax due to denial of Cenvat Credit. The dispute arose from a demerger where assets were transferred but continued to be used by the appellant. The Tribunal held that Rule 10 allows transfer of unutilized Cenvat credit in cases of business transfer, which applied in this situation. It found no malafide intent to evade tax, waived the pre-deposit condition, and granted an unconditional stay for an early hearing due to the substantial revenue involved. en-us Mon, 11 Apr 2016 00:00:00 +0530 Tue, 10 May 2016 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327395 The Tribunal ruled in favor of the appellant, a telecommunication services provider, in a case involving a demand of around Rs. 87.40 crores for Service Tax due to denial of Cenvat Credit. The dispute arose from a demerger where assets were transferred but continued to be used by the appellant. The Tribunal held that Rule 10 allows transfer of unutilized Cenvat credit in cases of business transfer, which applied in this situation. It found no malafide intent to evade tax, waived the pre-deposit condition, and granted an unconditional stay for an early hearing due to the substantial revenue involved. Case-Laws Service Tax Mon, 11 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327395