https://www.taxtmi.com/caselaws?id=340062 The Appellate Tribunal upheld the Commissioner (Appeals) decision, dismissing the department's appeal. The Tribunal agreed that the respondent's investment activities were integral to its business operations and fell within the scope of 'activities relating to business,' making them eligible for credit on input services. The department's argument that the funds raised through IPO and advanced to other companies constituted an exempted service was rejected, as the Tribunal deemed the investments as part of the respondent's business activities, not separate services. en-us Wed, 08 Feb 2017 00:00:00 +0530 Mon, 06 Nov 2017 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340062 The Appellate Tribunal upheld the Commissioner (Appeals) decision, dismissing the department's appeal. The Tribunal agreed that the respondent's investment activities were integral to its business operations and fell within the scope of 'activities relating to business,' making them eligible for credit on input services. The department's argument that the funds raised through IPO and advanced to other companies constituted an exempted service was rejected, as the Tribunal deemed the investments as part of the respondent's business activities, not separate services. Case-Laws Service Tax Wed, 08 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340062