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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 ..... kha Beevi, C.S.) The above appeal is filed by department against the order passed by Commissioner (Appeals) who allowed the credit availed to the tune of Rs. 18,83,216/- on various input services. 2. On behalf of the Ld. AR, Shri. M. Chandra Bose, submitted that the period involved is from April, 2010 to September, 2010. That the respondent is registered, for providing services under 'Manage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... usal of records. 4. At the outset, it has to be stated that-the period involved is 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 only contention put forward by the Ld. AR, is with regard to the discussions made in para 11.13 of the Order-in-Original. It is submitted by the him that funds raised by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g Authority has failed to appreciate that definition is not restricted to day to day management of the affairs but also covers all services rendered directly or indirectly with the various spheres of activities mentioned in the definition which also covers financial management and also contain an omnibus term similar areas of management, which in turn includes mobilization off finance for the proj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... respondent. Such activities would be included in the words 'activities relating to business.' It is not an output service for the respondent It is done only for the purpose of investment and not as banking business. The department has no case that respondents are doing banking business. The Commissioner (Appeals) has rightly observed that the investment cannot be classified as an activity and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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