2017 (3) TMI 250

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..... .S. Reddy, Deputy Commissioner(AR) for the Respondent. ORDER The above appeal is filed against the disallowance of CENVAT credit of service tax paid on input services viz. Legal services and Chartered Accountant services. 2. On behalf of the appellant, the learned counsel Ms. A.S.K. Swetha submitted that the appellants are service providers and are registered with the Department for rendering s .....

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..... sals of acquiring the  share warrants of M/s. Khandwala Securities Ltd. The said proposal therein did not crystalise due to various commercial reasons. Department has proceeded to deny the credit on the ground that the appellant did not accept the proposal put forward in these reports. She also contended that though the definition of input services was amended w.e.f. 01/04/2011, the includes .....

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..... vices. The Department has proceeded to deny credit stating that the due diligence reports were not acted upon by the appellant for which it was sought for. This cannot be a ground for disallowing credit. Whether due diligence report has been accepted and acted upon, is wholly an internal matter of the company which the Department cannot dictate. The appellants might have dropped the proposal as it .....

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