https://www.taxtmi.com/caselaws?id=258247 The tribunal concluded that the amount of Rs. 1,493 crores received by the appellant from RCM was deemed an interest-free loan and not an advance for services. Consequently, the tribunal set aside the impugned order, allowing the appeal with consequential relief. The second judge concurred, emphasizing that the audited books of accounts clearly indicated the amount as a loan, supporting the appellant's position. The repayment of the loan was also reflected in the financial records. As a result, the appeal was allowed, and the impugned order was set aside with consequential relief to the appellant. en-us Wed, 04 Mar 2015 00:00:00 +0530 Thu, 15 Oct 2015 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258247 The tribunal concluded that the amount of Rs. 1,493 crores received by the appellant from RCM was deemed an interest-free loan and not an advance for services. Consequently, the tribunal set aside the impugned order, allowing the appeal with consequential relief. The second judge concurred, emphasizing that the audited books of accounts clearly indicated the amount as a loan, supporting the appellant's position. The repayment of the loan was also reflected in the financial records. As a result, the appeal was allowed, and the impugned order was set aside with consequential relief to the appellant. Case-Laws Service Tax Wed, 04 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258247