https://www.taxtmi.com/caselaws?id=270370 The tribunal classified the services provided by Punjab Technical University to its Learning Centres and Regional Centres as "Franchise Service" under the Finance Act, 1994. The assessable value was determined as the amount collected by the University minus the amount paid to the Learning Centres. The extended period of limitation was found not invocable, leading to the non-imposition of penalty under Section 78. The case was remanded with directions to re-compute the demand for the normal period and adjust the penalty accordingly. en-us Wed, 23 Dec 2015 00:00:00 +0530 Sat, 17 Sep 2016 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270370 The tribunal classified the services provided by Punjab Technical University to its Learning Centres and Regional Centres as "Franchise Service" under the Finance Act, 1994. The assessable value was determined as the amount collected by the University minus the amount paid to the Learning Centres. The extended period of limitation was found not invocable, leading to the non-imposition of penalty under Section 78. The case was remanded with directions to re-compute the demand for the normal period and adjust the penalty accordingly. Case-Laws Service Tax Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270370