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TMI Blog2013 (11) TMI 1401X X X X Extracts X X X X X X X X Extracts X X X X ..... ellant for the purpose of taking cenvat credit. Further, whether the services for which cenvat credit has been taken has got nexus with the output services provided by the appellant needs deeper consideration. Appellant has, therefore, not made out a prima facie case for complete waiver and is required to be put to certain condition - Partial stay granted. - Appeal No. : ST/12682 of 2013 - - - Dated:- 10-10-2013 - Mr. M.V. Ravindran and Mr. H.K. Thakur, JJ. For the Appellant : Shri Jigar Shah, Advocate Shri Nitesh Jain, CA For the Respondent : Shri S.K. Mall, AR JUDGEMENT Per : Mr. H.K. Thakur; This stay application has been filed by the appellant against the OIO No. STC/16/Commr/AHD/2013 dated 31.03.2013, issued o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tries Limited [2013 (31) STR 686 (Tri. Ahmd.)] (h) Sanmar Speciality Chem. Limited [2013 (31) STR 66 (Tri. Bang.)] 3. Shri S.K. Mall (AR) appearing on behalf of the appellant argued that services for which cenvat credit has been availed has no nexus with the output services provided by the appellant as has been clearly brought out in the order in original by the adjudicating authority. He also made us go through the relevant Clause of the contract dated 27.7.2007 entered between Sadbhav Infrastructure Project Limited (Sadbhav or Company) and Yes Bank Limited. It was his case that Yes Bank has provided services not only to the appellant but to all the group companies of Sadbhav Engineering Limited and others and argued that cenvat credit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... short-listing of the Investor-base and a preliminary valuation exercise. a) Preparation of the Marketing Document and Approach to Investors YES Bank will prepare a marketing document on the Company as well as its project development activities. The marketing document will include a brief profile of Sadbhav, Sadbhav Engineering Limited and its management team as well as detailed information on the existing/ expected projects being developed by it ( Projects ). The intent would be to highlight the track record of Sadbhav and attractiveness of the Projects, setting out in detail all the relevant information on the Company and the Projects. As part of our continued advice and support to the Company in the Transaction, we will assist in pr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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