https://www.taxtmi.com/caselaws?id=349593 The tribunal ruled in favor of the appellant in an appeal concerning the confirmation of a demand for service tax, interest, and penalties. The appellant's argument that charges for asset usage were subject to state VAT and exempt from central levy was accepted. The tribunal upheld the appellant's entitlement to the benefit of section 80(2) of the Finance Act, 1994, for discharging tax liability. It found the lower authorities' interpretation of the relevant sections to be incorrect, setting aside penalties and the demand for duty on charges for asset usage. en-us Wed, 29 Mar 2017 00:00:00 +0530 Fri, 05 Jan 2018 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349593 The tribunal ruled in favor of the appellant in an appeal concerning the confirmation of a demand for service tax, interest, and penalties. The appellant's argument that charges for asset usage were subject to state VAT and exempt from central levy was accepted. The tribunal upheld the appellant's entitlement to the benefit of section 80(2) of the Finance Act, 1994, for discharging tax liability. It found the lower authorities' interpretation of the relevant sections to be incorrect, setting aside penalties and the demand for duty on charges for asset usage. Case-Laws Service Tax Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349593