https://www.taxtmi.com/caselaws?id=369242 A pre-declared scholarship or fee concession, disclosed in the prospectus and extended to specified student categories on stated criteria, was treated as a bona fide business practice to promote the coaching business. It was not regarded as separate non-monetary consideration over and above the fee actually charged and received, so section 67 and rule 3 of the Service Tax Valuation Rules, 2006 did not justify adding the foregone concession to taxable value. The taxable value was confined to the gross amount charged from students, and the departmental valuation approach was held unsustainable, with the demand, penalty and impugned order set aside in favour of the assessee. en-us Tue, 25 Sep 2018 00:00:00 +0530 Wed, 24 Oct 2018 08:56:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369242 A pre-declared scholarship or fee concession, disclosed in the prospectus and extended to specified student categories on stated criteria, was treated as a bona fide business practice to promote the coaching business. It was not regarded as separate non-monetary consideration over and above the fee actually charged and received, so section 67 and rule 3 of the Service Tax Valuation Rules, 2006 did not justify adding the foregone concession to taxable value. The taxable value was confined to the gross amount charged from students, and the departmental valuation approach was held unsustainable, with the demand, penalty and impugned order set aside in favour of the assessee. Case-Laws Service Tax Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369242