https://www.taxtmi.com/caselaws?id=285296 The Tribunal allowed the appeal, determining that the appellant company was entitled to the cenvat credit for the "Term Insurance Policy" taken for the Managing Director, as the policy benefits were payable to the company, not an individual nominee. The Tribunal clarified that since the policy holder was a company under the Company Act, no nomination was required for receiving the benefits. Consequently, the disallowance of the cenvat credit was overturned, and the appellant's entitlement to the credit for Keyman Insurance was affirmed. en-us Wed, 14 Aug 2019 00:00:00 +0530 Mon, 06 Jan 2020 20:15:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285296 The Tribunal allowed the appeal, determining that the appellant company was entitled to the cenvat credit for the "Term Insurance Policy" taken for the Managing Director, as the policy benefits were payable to the company, not an individual nominee. The Tribunal clarified that since the policy holder was a company under the Company Act, no nomination was required for receiving the benefits. Consequently, the disallowance of the cenvat credit was overturned, and the appellant's entitlement to the credit for Keyman Insurance was affirmed. Case-Laws Service Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285296