https://www.taxtmi.com/caselaws?id=342204 Where common input services were used for taxable services and trading activity, credit attributable to trading was required to be apportioned on the formula later introduced for trading, even for the earlier period, and the amount already reversed needed verification before final quantification. The extended limitation period was not available in this contentious transitional dispute because the record did not support sustained invocation of the longer period, so the time-barred demand was set aside. Penalty was also held unwarranted on the facts, though interest would remain payable on any further amount found due after re-quantification. en-us Wed, 08 Mar 2017 00:00:00 +0530 Fri, 28 Apr 2017 10:15:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342204 Where common input services were used for taxable services and trading activity, credit attributable to trading was required to be apportioned on the formula later introduced for trading, even for the earlier period, and the amount already reversed needed verification before final quantification. The extended limitation period was not available in this contentious transitional dispute because the record did not support sustained invocation of the longer period, so the time-barred demand was set aside. Penalty was also held unwarranted on the facts, though interest would remain payable on any further amount found due after re-quantification. Case-Laws Service Tax Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342204