https://www.taxtmi.com/caselaws?id=427185 Rule 6 of the CENVAT Credit Rules, 2004 could not be conclusively applied on the available record because the details of common credit taken and utilised during the relevant period were incomplete. The demand rested on treating interest income from banking activity as an exempted service, but the Tribunal found that the exact reversal, if any, could not be determined without proper verification. The original authority had not examined the matter in the correct statutory framework, so the issue, including the assessee's submissions and relevant judicial decisions, was remanded for fresh adjudication. en-us Thu, 01 Sep 2022 00:00:00 +0530 Sat, 03 Sep 2022 07:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427185 Rule 6 of the CENVAT Credit Rules, 2004 could not be conclusively applied on the available record because the details of common credit taken and utilised during the relevant period were incomplete. The demand rested on treating interest income from banking activity as an exempted service, but the Tribunal found that the exact reversal, if any, could not be determined without proper verification. The original authority had not examined the matter in the correct statutory framework, so the issue, including the assessee's submissions and relevant judicial decisions, was remanded for fresh adjudication. Case-Laws Service Tax Thu, 01 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427185