https://www.taxtmi.com/caselaws?id=377489 The Tribunal ruled in favor of the appellants, holding that the services availed for the sale of shares qualified as input services under the Cenvat Credit Rules 2004. The Tribunal found a direct nexus between the activities related to raising capital through the sale of shares and the appellants' business operations, including financing and securing raw materials. The department's argument that no connection existed between the input services and output services was rejected. Consequently, the department's disallowance of credit was overturned, and the appeals were allowed with appropriate relief granted to the appellants. en-us Thu, 31 Jan 2019 00:00:00 +0530 Sat, 30 Mar 2019 08:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377489 The Tribunal ruled in favor of the appellants, holding that the services availed for the sale of shares qualified as input services under the Cenvat Credit Rules 2004. The Tribunal found a direct nexus between the activities related to raising capital through the sale of shares and the appellants' business operations, including financing and securing raw materials. The department's argument that no connection existed between the input services and output services was rejected. Consequently, the department's disallowance of credit was overturned, and the appeals were allowed with appropriate relief granted to the appellants. Case-Laws Service Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377489