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Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreA voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
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Held:
The Bombay High Court in Manikgarh Cement (supra) had applied the ratio of Maruti Suzuki Ltd. vs. CCE 2009 (240 ELT 641) (SC) and held that nexus needs to be established between the services received and the business of the assessee. Moreover, the Tribunal, in case of Sundaram Break Linings 2010 (19 STR 172) had examined the identical issue in light of Maruti Suzuki case (supra). Therefore, in absence of nexus with the business activity, CENVAT credit was denied.