https://www.taxtmi.com/caselaws?id=364554 Entries in Form 26AS may be relied on to determine the taxable value of renting of immovable property where the assessee produces no evidence to show that the reflected amounts are incorrect, inflated, or unreliable, and the assessable value was upheld on that basis. Penalty under Section 78 of the Finance Act, 1994 was not warranted where non-payment arose in a period when taxability of renting of immovable property was itself under bona fide dispute and litigation, so the penalty was deleted. The result was sustenance of the service tax demand with deletion of the penalty, granting partial relief to the assessee. en-us Wed, 11 Jul 2018 00:00:00 +0530 Wed, 12 Jun 2019 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364554 Entries in Form 26AS may be relied on to determine the taxable value of renting of immovable property where the assessee produces no evidence to show that the reflected amounts are incorrect, inflated, or unreliable, and the assessable value was upheld on that basis. Penalty under Section 78 of the Finance Act, 1994 was not warranted where non-payment arose in a period when taxability of renting of immovable property was itself under bona fide dispute and litigation, so the penalty was deleted. The result was sustenance of the service tax demand with deletion of the penalty, granting partial relief to the assessee. Case-Laws Service Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364554