https://www.taxtmi.com/caselaws?id=379155 The Tribunal ruled in favor of the appellant, determining that trading in mutual funds does not fall under exempted services as per Section 66D (e) of the Finance Act, 1994. The appellant's investment in mutual funds was deemed strategic for liquidity management, not akin to trading in securities for business purposes. Additionally, the appellant was found not to have contravened the Cenvat Credit Rules in availing credit on input services, as there was no evidence of using common input services for exempted activities. The Tribunal allowed the appeal and provided consequential relief to the appellant. en-us Thu, 25 Apr 2019 00:00:00 +0530 Mon, 29 Apr 2019 06:16:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379155 The Tribunal ruled in favor of the appellant, determining that trading in mutual funds does not fall under exempted services as per Section 66D (e) of the Finance Act, 1994. The appellant's investment in mutual funds was deemed strategic for liquidity management, not akin to trading in securities for business purposes. Additionally, the appellant was found not to have contravened the Cenvat Credit Rules in availing credit on input services, as there was no evidence of using common input services for exempted activities. The Tribunal allowed the appeal and provided consequential relief to the appellant. Case-Laws Service Tax Thu, 25 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379155