2014 (1) TMI 571

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..... R Per: P.G. Chacko; This application filed by the department (appellant) seeks stay of operation of the appellate Commissioner's order whereby CENVAT credit totalling to Rs. 14,14,680/- stands denied to the respondent on numerous services. After hearing both sides, we find that the above credit has been denied to the respondent for the period from April 2006 to September 2010 and that a part of .....

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..... correct will be examined at final hearing stage. For the present, after hearing both sides, we have found that prima facie case is leaning towards the respondent. In the result, the stay application filed by the appellant gets rejected. However, it is made clear that this order shall not be considered as enabling the respondent to take recredit of the reversed credit. (Pronounced and dictated in .....

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