https://www.taxtmi.com/caselaws?id=218961 The Appellate Tribunal CESTAT, Mumbai, ruled in favor of the applicants in a case concerning the taxation of sponsorship services for a sports event. The Tribunal determined that the sponsorship of the sports event was fully exempt from service tax during the relevant period, citing specific exemption provisions and relevant case law. As a result, the applicants were granted a 100% waiver of pre-deposit and the recovery of the entire amount of service tax, interest, and penalty was stayed during the appeal process. en-us Mon, 28 May 2012 00:00:00 +0530 Tue, 08 Jul 2014 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218961 The Appellate Tribunal CESTAT, Mumbai, ruled in favor of the applicants in a case concerning the taxation of sponsorship services for a sports event. The Tribunal determined that the sponsorship of the sports event was fully exempt from service tax during the relevant period, citing specific exemption provisions and relevant case law. As a result, the applicants were granted a 100% waiver of pre-deposit and the recovery of the entire amount of service tax, interest, and penalty was stayed during the appeal process. Case-Laws Service Tax Mon, 28 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218961