TMI Blog2012 (8) TMI 209X X X X Extracts X X X X X X X X Extracts X X X X ..... bject to the condition that the latter would invest in the former – Held that:- Electricity was used by the respondent in the manufacture of their final products – there is clear nexus between the stockbroker's service and the manufacture of the goods - service clearly fell within the ambit of 'input service' as defined under Rule 2(l) of the CENVAT Credit Rules, 2004 – credit allowed - E/2006 OF ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the services of a stockbroker for acquiring shares in another company. Again, it is not in dispute that such acquisition of shares was made pursuant to a Memorandum of Understanding between the respondent and the other company. The understanding was that the other company would supply electricity to the respondent subject to the condition that the latter would invest in the former. Undisputedly, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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