https://www.taxtmi.com/caselaws?id=388956 The Tribunal affirmed the lower authorities' decision to sanction a refund of tax liability to the respondent, amounting to Rs. 48,61,75,921, based on a retrospective exemption in a works contract. The respondent, despite subcontractors discharging the tax liability, was deemed eligible as the entity bearing the tax incidence. Certification requirements were met, and allegations of capitalization and amortization were dismissed, with safeguards ensuring exclusion of costs in determining customer rates. The appeal was dismissed, with the Tribunal finding no tenable grounds for appeal. en-us Tue, 03 Sep 2019 00:00:00 +0530 Sat, 31 Oct 2020 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388956 The Tribunal affirmed the lower authorities' decision to sanction a refund of tax liability to the respondent, amounting to Rs. 48,61,75,921, based on a retrospective exemption in a works contract. The respondent, despite subcontractors discharging the tax liability, was deemed eligible as the entity bearing the tax incidence. Certification requirements were met, and allegations of capitalization and amortization were dismissed, with safeguards ensuring exclusion of costs in determining customer rates. The appeal was dismissed, with the Tribunal finding no tenable grounds for appeal. Case-Laws Service Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388956