2013 (4) TMI 166 - AT - Service Tax

Cenvat Credit - Input services - appellant availed the service of the share transfer and paid service tax thereof. - Held that - Following the judgment of the Hon ble High Court of Mumbai in the case of Ultratech Cements Ltd 2010 (10) TMI 13 the issue is no longer res integra. - Credit allowed - Decided in favor of allowed

Summary

The Appellate Tribunal CESTAT CHENNAI allowed the appeal challenging the denial of input credit of service tax for Share Transfer Agent service. The appellant bank was found entitled to the credit based on a precedent set by the Hon'ble High Court of Mumbai in a similar case.