CESTAT Rules CENVAT Credit on Input Services Valid for Commercial Property Rentals, Reverses ?3.23 Crore Denial

CESTAT reversed a previous denial of ?3.23 crore in CENVAT credit on input services used for commercial property rentals. The Tribunal ruled that input services related to the maintenance of commercial properties are eligible for CENVAT credit, provided the taxpayer meets the statutory requirements. This decision offers relief to businesses that rent out commercial properties and ensures that they can claim credit on eligible expenses.