Cenvat credit eligible on input services used for construction of property which is further let out

VITP Private Limited Vs Commissioner of Central Tax (ITAT Hyderabad) Held that we are inclined to allow the Cenvat Credit of input services for construction of immovable property, which is further let out to various customers. Facts- The department denied Cenvat Credit on the input services used for the construction of the immovable property and also input services used for promoting their premises for better lease opportunities. Conclusion- Tribunal in the case of CCE, Coimbatore Vs. Lakshmi Technology & Engineering Indus. Ltd. has held that without construction of the building, the renti...