https://www.taxtmi.com/caselaws?id=795034 Common input services used for taxable output services and own-account investment in securities must be apportioned because investment is neither manufacture nor a taxable or exempted service. Full CENVAT credit is unavailable to the extent attributable to the investment activity, requiring proportionate reversal of credit on shared office-running services. Non-maintenance of separate records and failure to reverse the attributable credit may support invocation of the extended limitation period and consequential penalties where the relevant investment activity and income were separately recorded but proportionate credit was not reversed. The demand and related consequences remain sustainable on this basis. en-us Wed, 15 Jul 2026 00:00:00 +0530 Thu, 16 Jul 2026 09:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795034 Common input services used for taxable output services and own-account investment in securities must be apportioned because investment is neither manufacture nor a taxable or exempted service. Full CENVAT credit is unavailable to the extent attributable to the investment activity, requiring proportionate reversal of credit on shared office-running services. Non-maintenance of separate records and failure to reverse the attributable credit may support invocation of the extended limitation period and consequential penalties where the relevant investment activity and income were separately recorded but proportionate credit was not reversed. The demand and related consequences remain sustainable on this basis. Case-Laws Service Tax Wed, 15 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795034