https://www.taxtmi.com/caselaws?id=200062 The Tribunal allowed the appeal, setting aside the Service Tax demand on sponsorship payments made in foreign exchange, holding that the payments were for sponsorship rights, not advertising services. The extended period of limitation was found not applicable due to a previous ruling. Penalties imposed under Sections 76, 77, and 78 of the Finance Act, 1994 were set aside as the issue had been previously adjudicated in the appellant's favor. en-us Tue, 20 Jun 2017 00:00:00 +0530 Mon, 19 Mar 2018 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200062 The Tribunal allowed the appeal, setting aside the Service Tax demand on sponsorship payments made in foreign exchange, holding that the payments were for sponsorship rights, not advertising services. The extended period of limitation was found not applicable due to a previous ruling. Penalties imposed under Sections 76, 77, and 78 of the Finance Act, 1994 were set aside as the issue had been previously adjudicated in the appellant's favor. Case-Laws Service Tax Tue, 20 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200062