https://www.taxtmi.com/highlights?id=76996 Reversal of CENVAT credit - Investment in shares - Exempt service or not - The Appellate Tribunal concurred with the appellant's argument that investment activities do not constitute a service. They emphasized that trading in securities does not qualify as a service, let alone an exempted service. Therefore, the demand for tax on investment income was deemed erroneous, and the impugned order was set aside. en-us Wed, 01 May 2024 07:57:34 +0530 Wed, 01 May 2024 07:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76996 Reversal of CENVAT credit - Investment in shares - Exempt service or not - The Appellate Tribunal concurred with the appellant's argument that investment activities do not constitute a service. They emphasized that trading in securities does not qualify as a service, let alone an exempted service. Therefore, the demand for tax on investment income was deemed erroneous, and the impugned order was set aside. Highlights Central Excise Wed, 01 May 2024 07:57:34 +0530 https://www.taxtmi.com/highlights?id=76996