https://www.taxtmi.com/caselaws?id=354483 The appellant's service tax liability for considerations received from RICO Industries Ltd. was disputed. The Tribunal held that the demand proceedings were improper and the termination payment was not taxable under Business Auxiliary Service. The termination payment was considered compensation for business loss, not a specific service, leading to the unsustainable tax liability. The impugned order was set aside, and the appeals were allowed with consequential relief. en-us Tue, 23 Jan 2018 00:00:00 +0530 Tue, 30 Jan 2018 09:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354483 The appellant's service tax liability for considerations received from RICO Industries Ltd. was disputed. The Tribunal held that the demand proceedings were improper and the termination payment was not taxable under Business Auxiliary Service. The termination payment was considered compensation for business loss, not a specific service, leading to the unsustainable tax liability. The impugned order was set aside, and the appeals were allowed with consequential relief. Case-Laws Service Tax Tue, 23 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354483