https://www.taxtmi.com/caselaws?id=758684 The Appellate Tribunal ruled in favor of the Appellant, overturning the Commissioner's decision on the proportionate reversal of CENVAT Credit for unsold flats post-completion certificate issuance. The Tribunal emphasized that credit eligibility should be determined at the time of input service receipt, not affected by subsequent changes in property status, invalidating the exclusion of immovable property sale from the service definition under relevant legal provisions. Consequently, the Tribunal set aside the Commissioner's order, granting consequential relief to the Appellant. en-us Wed, 11 Sep 2024 00:00:00 +0530 Tue, 17 Sep 2024 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758684 The Appellate Tribunal ruled in favor of the Appellant, overturning the Commissioner's decision on the proportionate reversal of CENVAT Credit for unsold flats post-completion certificate issuance. The Tribunal emphasized that credit eligibility should be determined at the time of input service receipt, not affected by subsequent changes in property status, invalidating the exclusion of immovable property sale from the service definition under relevant legal provisions. Consequently, the Tribunal set aside the Commissioner's order, granting consequential relief to the Appellant. Case-Laws Service Tax Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758684