https://www.taxtmi.com/caselaws?id=243391 The Tribunal set aside the penalties imposed on the appellants under Sections 77 & 78 of the Finance Act, as it was determined that the value of goods and materials supplied free of cost by the service recipient should not be included in the assessable value for service tax purposes. The decision aligned with the legal interpretation established in a previous case, emphasizing that penalties based on the inclusion of free supplies in the assessable value were not justified. The appeal was disposed of in favor of the appellant, emphasizing this legal principle. en-us Thu, 24 Oct 2013 00:00:00 +0530 Fri, 31 Jan 2014 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243391 The Tribunal set aside the penalties imposed on the appellants under Sections 77 & 78 of the Finance Act, as it was determined that the value of goods and materials supplied free of cost by the service recipient should not be included in the assessable value for service tax purposes. The decision aligned with the legal interpretation established in a previous case, emphasizing that penalties based on the inclusion of free supplies in the assessable value were not justified. The appeal was disposed of in favor of the appellant, emphasizing this legal principle. Case-Laws Service Tax Thu, 24 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243391