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TMI Blog2017 (3) TMI 565X X X X Extracts X X X X X X X X Extracts X X X X ..... s prior to 01.04.2011 when the definition of input services had a wide ambit as it included the words 'activities relating to business. The raising of funds and lending the same for interest is only for the purpose of investment which is turn used in the business of the respondent. Such activities would be included in the words ‘activities relating to business.' - investment cannot be classifie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or Business Consultancy Services'. That the various services availed by respondent namely, advertisement services, broadcasting, banking and financial services, Chartered Accountant Services, Club or membership, Construction Services, Erection and Commissioning service, etc., do not qualify as input services and that the credit cannot be allowed. He argued that the respondent had raised fund b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... espondent through IPO has been advanced to other companies and that this activity would amount to service which is exempted from tax and therefore the appellant is not eligible for credit in respect of these services. On perusal of the impugned order the Commissioner (Appeals) has discussed in detail the said view taken by the original authority. The Commissioner (Appeals) has observed that the or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oject and a host of other activities for the implementation of the project. They render project development service as a composite service which consists of services other than management or business consultant service also, though the services was classified under management or business consultant service for the service tax purpose under which head they had registered with the department by virt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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