2010 (6) TMI 365

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....sp;    Shri Ram Chander Chaudhary, Advocate, for the Appellant. Shri R.K. Gupta, SDR, for the Respondent. [Order (Oral)]. - Heard both sides on the stay petition. 2. The applicant, a manufacturer of aluminium castings for parts of motor vehicles availed the services of Kapsons Associatt Pvt. Ltd. for the purpose of getting loan from a bank and in that connection, Ka....

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....an amount was used in their business activity and the term input service' is wide enough to cover the services utilised by them for the purpose of arranging loan and therefore, the credit taken is regular. 4. Learned SDR reiterates the finding and reasoning of the Commissioner (Appeals) and submits that the applicant has not furnished the detail as to the purpose for which the loan taken w....