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TMI Blog2017 (3) TMI 250X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 are engaged in providing stock broker services and therefore the due diligence report obtained before committing the purchase of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on input services as per Rule 3 of the CENVAT Credit Rules. During the period 01/04/2011 to 30/09/2011, the appellant availed and utilised CENVAT credit of service tax paid on the following input services which is tabulated by the appellant, as below:- Input service Amount involved Chartered Accountant service ₹ 30 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed that though the definition of input services was amended w.e.f. 01/04/2011, the includes part of the definition, mentions services like accounting services and legal services. She urged that the authorities below have erred in denying the credit. 4. Against this the learned AR Shri P.S. Reddy reiterated the findings in the impugned order. He submitted that the appellants were looking to exp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch the Department cannot dictate. The appellants might have dropped the proposal as it is not commercially viable or for any other reason. The only fact that is to be looked into is whether the service was received, whether service tax was paid and whether it was for providing output services. The appellants are engaged in providing stock broker services and therefore the due diligence report obta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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