TMI Blog2014 (10) TMI 331X X X X Extracts X X X X X X X X Extracts X X X X ..... nt had filed an application before BIFR and in term of BIFR’s orders had got a study conducted by SBI Capital regarding techno-economic feasibility of rehabilitation and modalities of finance. Without such feasibility report from the SBI Caps, it was not possible for the BIFR to finalize the rehabilitation package for the appellant. In my view, therefore, the service received by the appellant from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ilitation package. In terms of the order of the BIFR, SBI Capital Market Ltd. conducted a techno feasibility study regarding rehabilitation and prepared a report in this regard regarding rehabilitation for further fund raising for the appellant company. M/s. SBI Capital Market Ltd. for the services of preparing techno feasibility report regarding rehabilitation have charged some amount from the Ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pellant pleaded that service of preparing Techno-Economic feasibility of rehabilitation of the factory proposed by BIFR had been received by the appellant from SSI Capital in terms of the order of the BIFR, that report is regarding modalities of finance for rehabilitation of the appellant company, that the services received by the appellant from SBI Capital are Financial Services which are specifi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I Capital regarding techno-economic feasibility of rehabilitation and modalities of finance. Without such feasibility report from the SBI Caps, it was not possible for the BIFR to finalize the rehabilitation package for the appellant. In my view, therefore, the service received by the appellant from SBI Caps has nexus with their manufacturing business and would be covered by the terms activities ..... X X X X Extracts X X X X X X X X Extracts X X X X
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