2016 (6) TMI 771

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..... t begins with the establishment of the unit by purchasing machinery, raw material and also the availability of finance. In the absence of fund procured may be of its own source or through financial institution, it may not be possible to reach to the ultimate result of manufacturing activity. It cannot be said that the Management Consultancy Services so obtained has no nexus to the manufacturing .....

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..... or the appellant yesterday and today the matter is kept for orders. 3. The contention raised on behalf of the appellant was two fold: One was that the Tribunal ought not to have allowed the input tax credit for the Management Consultancy Services and the another was that, it could not be said that the proceedings were barred by limitation of one year, since as per the learned Counsel for the ap .....

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..... not be possible to reach to the ultimate result of manufacturing activity. 6. Therefore, it cannot be said that the Management Consultancy Services so obtained has no nexus to the manufacturing activity. The Tribunal has rightly found that the input tax credit was available and we do not find that the view taken by the Tribunal could be said as erroneous. 7. It is an admitted fact that the .....

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