https://www.taxtmi.com/caselaws?id=335839 The Tribunal upheld the appellant's right to claim CENVAT credit for input services related to building construction for commercial purposes, following the Oberoi Mall Limited case. It ruled that interest-free security deposits are not taxable based on notional interest, in line with the Murli Realtors Pvt. Ltd. case. Additionally, the Tribunal determined that Service Tax liability does not apply to forfeited amounts as liquidated damages, referencing the United Breweries Ltd. case. The issue of improperly availed CENVAT credit was remanded for reconsideration, emphasizing the need for a thorough review. Overall, the appellant succeeded on key tax treatment issues, with specific points allowed and a remand for further assessment. en-us Fri, 02 Dec 2016 00:00:00 +0530 Sat, 17 Dec 2016 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335839 The Tribunal upheld the appellant's right to claim CENVAT credit for input services related to building construction for commercial purposes, following the Oberoi Mall Limited case. It ruled that interest-free security deposits are not taxable based on notional interest, in line with the Murli Realtors Pvt. Ltd. case. Additionally, the Tribunal determined that Service Tax liability does not apply to forfeited amounts as liquidated damages, referencing the United Breweries Ltd. case. The issue of improperly availed CENVAT credit was remanded for reconsideration, emphasizing the need for a thorough review. Overall, the appellant succeeded on key tax treatment issues, with specific points allowed and a remand for further assessment. Case-Laws Service Tax Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335839