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2012 (6) TMI 494 - AT - Service TaxDenial of CENVAT credit on stockbroker's service - 'Input service under Rule 2(l) of CCR, 2004 - stockbroker's service used for the purpose of disposal of the shares held in another company – Held that:- The activity of sale of shares had any nexus with the business of the appellant would depend on how the sale proceeds were applied and the Working Director's affidavit does not bring out a clear picture as it contains only general averments - neither in the affidavit nor in the MOA is there anything to indicate that the shares held in another company were sold for accomplishing any purpose integrally connected with the business of the appellant – denial of CENVAT credit on stockbroker's service as service was not used in or in relation to the manufacture of goods, the burden lay on the noticee to establish that the said service was covered by the inclusive part of the input service, if not by the main part - that the expression "such as" in the definition of input service is exhaustive and is restricted to the services named therein – against assessee.
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