https://www.taxtmi.com/caselaws?id=391778 The Appellate Tribunal CESTAT ALLAHABAD ruled in favor of the appellant in a case involving allegations of willful suppression of value in service tax returns. The Tribunal held that since the information regarding the alleged suppression was available in the balance sheet, the allegation could not be sustained. As a result, the extended period for demand of service tax was deemed inapplicable, and the demand for service tax was set aside. The Tribunal also determined that the penalties sought by the Revenue under various sections of the Finance Act, 1994, were not justified due to the lack of established suppression. en-us Wed, 27 Nov 2019 00:00:00 +0530 Fri, 07 Feb 2020 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391778 The Appellate Tribunal CESTAT ALLAHABAD ruled in favor of the appellant in a case involving allegations of willful suppression of value in service tax returns. The Tribunal held that since the information regarding the alleged suppression was available in the balance sheet, the allegation could not be sustained. As a result, the extended period for demand of service tax was deemed inapplicable, and the demand for service tax was set aside. The Tribunal also determined that the penalties sought by the Revenue under various sections of the Finance Act, 1994, were not justified due to the lack of established suppression. Case-Laws Service Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391778