2014 (1) TMI 722

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..... under the category of input services and CENVAT Credit would be available. However, admissibility of CENVAT Credit on inputs viz. bars, rods, cements, etc. and other capital goods used in the construction of building, which was ultimately given on rent, prima facie, not admissible to CENVAT Credit for providing services of renting of immovable property - Prima facie case not in favour of assessee .....

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..... 01.06.2007. He has submitted that the applicant took registration in the month of June 2005 under the category of Management, Maintenance and Repair Services and subsequently on 06.06.2007 they have incorporated in the registration, services of Renting of Immovable Property. The Ld. Chartered Accountant further submitted that in the process of rendering the said services they have availed CENVAT C .....

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..... - pending Appeal. 3. Ld. A.R. has reiterated the findings of the Ld. Commissioner and on seeing the balance sheet, he has fairly accepted that there is a loss of Rs.18 Crores during the said period. 4. Heard both sides and perused the record. We find that without going into the nature of various input services, the inputs and capital goods that have been claimed to be used in or in relation to .....

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