https://www.taxtmi.com/caselaws?id=238753 The Appellate Tribunal CESTAT Bangalore found in favor of the appellant in the case concerning the admissibility of deduction of material value under Notification No.12/2003-ST for 'commercial or industrial construction' services. The Tribunal determined that the appellant had demonstrated prima facie that materials were sold, meeting the Notification's requirements, based on detailed examination of invoices and VAT regulations. Consequently, the requirement of predeposit was waived, and a stay against recovery was granted pending further statutory provisions review. The Tribunal did not provide a specific ruling on the imposition of penalty under Section 78 of the Finance Act, 1994, as its focus was primarily on the deduction issue. en-us Tue, 09 Jul 2013 00:00:00 +0530 Wed, 30 Oct 2013 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238753 The Appellate Tribunal CESTAT Bangalore found in favor of the appellant in the case concerning the admissibility of deduction of material value under Notification No.12/2003-ST for 'commercial or industrial construction' services. The Tribunal determined that the appellant had demonstrated prima facie that materials were sold, meeting the Notification's requirements, based on detailed examination of invoices and VAT regulations. Consequently, the requirement of predeposit was waived, and a stay against recovery was granted pending further statutory provisions review. The Tribunal did not provide a specific ruling on the imposition of penalty under Section 78 of the Finance Act, 1994, as its focus was primarily on the deduction issue. Case-Laws Service Tax Tue, 09 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238753