https://www.taxtmi.com/caselaws?id=450458 CESTAT Allahabad allowed the appeal concerning CENVAT credit on input services used for both taxable services and trading activities (sale of cars). The revenue authorities incorrectly imposed 5%/6% payment option under Rule 6(3)(i) of Credit Rules without the assessee exercising such option. Following Telangana HC precedent in Tiara Advertising case and CESTAT Allahabad decision in Ingersoll-Rand Technologies, the tribunal held that revenue cannot thrust payment option upon assessee who did not exercise Rule 6 option. The impugned order was set aside without examining extended limitation period contentions. en-us Tue, 05 Mar 2024 00:00:00 +0530 Wed, 06 Mar 2024 08:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450458 CESTAT Allahabad allowed the appeal concerning CENVAT credit on input services used for both taxable services and trading activities (sale of cars). The revenue authorities incorrectly imposed 5%/6% payment option under Rule 6(3)(i) of Credit Rules without the assessee exercising such option. Following Telangana HC precedent in Tiara Advertising case and CESTAT Allahabad decision in Ingersoll-Rand Technologies, the tribunal held that revenue cannot thrust payment option upon assessee who did not exercise Rule 6 option. The impugned order was set aside without examining extended limitation period contentions. Case-Laws Service Tax Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450458