https://www.taxtmi.com/caselaws?id=358502 The court set aside the assessment order and directed a reassessment in accordance with Rule 3 of the Point of Taxation Rules, 2011. The respondent was instructed to reevaluate the service tax liability based on the correct application of the rule. The petitioner's challenge against the reliance on Profit and Loss accounts for tax assessment was upheld, emphasizing the need for adherence to statutory provisions in determining tax liability. The court granted the petitioner a fair opportunity in the reassessment process, concluding in favor of the petitioner without awarding costs. en-us Fri, 06 Apr 2018 00:00:00 +0530 Mon, 05 Nov 2018 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358502 The court set aside the assessment order and directed a reassessment in accordance with Rule 3 of the Point of Taxation Rules, 2011. The respondent was instructed to reevaluate the service tax liability based on the correct application of the rule. The petitioner's challenge against the reliance on Profit and Loss accounts for tax assessment was upheld, emphasizing the need for adherence to statutory provisions in determining tax liability. The court granted the petitioner a fair opportunity in the reassessment process, concluding in favor of the petitioner without awarding costs. Case-Laws Service Tax Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358502