https://www.taxtmi.com/caselaws?id=366517 The Tribunal allowed the appeals, determining that service tax liability should be based on the value recorded in the books of accounts at the time of booking expenditure, not on the actual remittance amount. Emphasizing the prevention of tax arbitrage and alignment with statutory provisions and accounting standards, the Tribunal concluded in favor of the appellant, rejecting the demand upheld by the Commissioner (Appeal) on merit. en-us Mon, 16 Jul 2018 00:00:00 +0530 Thu, 06 Sep 2018 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366517 The Tribunal allowed the appeals, determining that service tax liability should be based on the value recorded in the books of accounts at the time of booking expenditure, not on the actual remittance amount. Emphasizing the prevention of tax arbitrage and alignment with statutory provisions and accounting standards, the Tribunal concluded in favor of the appellant, rejecting the demand upheld by the Commissioner (Appeal) on merit. Case-Laws Service Tax Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366517