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TMI Blog2015 (10) TMI 2231X X X X Extracts X X X X X X X X Extracts X X X X ..... eived by appellants are in respect of disposal of their share holding in ING Vysya Life Insurance Co. Pvt. Ltd - Contention of appellants that services used are in relation to their business gains credence and thus same would merit inclusion in the definition of “input services” - Service Tax paid would be eligible for credit - Decided in favour of assessee. - E/946/2008-SM - Final Order No. 2014 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny service, - (i) used by a provider of taxable service for providing an output service; or (ii) used by the manufacturer, whether directly or indirectly, in or in relation to the manufacture of final products and clearance of final products up to the place of removal, and includes services used in relation to setting up, modernization, renovation or repairs of a factory, premises of provider o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ontrol, coaching and training, computer networking, credit rating, share registry, and security - and the definition must imply that the services received in respect of the activities mentioned above must be eligible for credit. The services received by the appellants are in respect of the disposal of their share holding in ING Vysya Life Insurance Co. Pvt. Ltd. The contention of the appellants is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t. The appeal thus merits being allowed. 2. The learned AR submitted that there is no nexus and this has been seen from the findings recorded hereinabove. Learned AR also relied upon the decision in the case of Maruti Suzuki Ltd. v. CCE, Delhi-III reported in 2009 (240) E.L.T. 641 (S.C.). However the decision in the case of Maruti Suzuki Ltd. related to inputs only and has nothing to do with i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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