https://www.taxtmi.com/caselaws?id=375942 Amounts received as booking advances that were later refunded, and sums shown as loans or other creditors, were treated as outside service tax where no service was actually provided; the taxable component required re-determination after excluding amounts returned and any tax already paid. Demands based only on scribblings, loose computer entries or alleged cash income were held unsustainable in the absence of independent corroborative evidence. On Cenvat credit and works contract valuation, the proper course was to determine the correct differential tax liability rather than deny credit mechanically; the conceded small credit alone was confirmed, while the remaining valuation and credit issues were remanded for reconsideration. en-us Wed, 27 Feb 2019 00:00:00 +0530 Thu, 28 Feb 2019 06:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375942 Amounts received as booking advances that were later refunded, and sums shown as loans or other creditors, were treated as outside service tax where no service was actually provided; the taxable component required re-determination after excluding amounts returned and any tax already paid. Demands based only on scribblings, loose computer entries or alleged cash income were held unsustainable in the absence of independent corroborative evidence. On Cenvat credit and works contract valuation, the proper course was to determine the correct differential tax liability rather than deny credit mechanically; the conceded small credit alone was confirmed, while the remaining valuation and credit issues were remanded for reconsideration. Case-Laws Service Tax Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375942