https://www.taxtmi.com/caselaws?id=790518 An Input Service Distributor cannot be fastened with Cenvat credit recovery on the footing that trading of securities was an exempted service where the record also showed that the assessee was not actually engaged in such trading. The demand notices failed to identify any other specific exempted service forming the basis of the recovery, and the Tribunal noted that an Input Service Distributor is only a distributing office, not the manufacturer or output service provider against whom recovery of inadmissible credit can be imposed in the manner attempted. On that basis, the demand, interest and penalties were held unsustainable and set aside. en-us Mon, 23 Feb 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790518 An Input Service Distributor cannot be fastened with Cenvat credit recovery on the footing that trading of securities was an exempted service where the record also showed that the assessee was not actually engaged in such trading. The demand notices failed to identify any other specific exempted service forming the basis of the recovery, and the Tribunal noted that an Input Service Distributor is only a distributing office, not the manufacturer or output service provider against whom recovery of inadmissible credit can be imposed in the manner attempted. On that basis, the demand, interest and penalties were held unsustainable and set aside. Case-Laws Service Tax Mon, 23 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790518