https://www.taxtmi.com/caselaws?id=373747 The Tribunal ruled in favor of the appellant, determining that they were only liable to pay Service Tax on the amount received from students, rejecting the notion of considering the concessional portion of the fee as non-monetary consideration. The demand confirmed against the appellant under Section 73 of the Finance Act, 1994 was found invalid, with the penalties imposed under Section 76 and Section 77(2) deemed unsustainable. The Tribunal emphasized the legitimate nature of the appellant's business practices and scholarship scheme, ultimately setting aside the order-in-original and allowing the appeal and miscellaneous application. en-us Mon, 17 Dec 2018 00:00:00 +0530 Sat, 19 Jan 2019 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373747 The Tribunal ruled in favor of the appellant, determining that they were only liable to pay Service Tax on the amount received from students, rejecting the notion of considering the concessional portion of the fee as non-monetary consideration. The demand confirmed against the appellant under Section 73 of the Finance Act, 1994 was found invalid, with the penalties imposed under Section 76 and Section 77(2) deemed unsustainable. The Tribunal emphasized the legitimate nature of the appellant's business practices and scholarship scheme, ultimately setting aside the order-in-original and allowing the appeal and miscellaneous application. Case-Laws Service Tax Mon, 17 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373747