https://www.taxtmi.com/caselaws?id=399503 The appeal concerning the taxability of a mobilization advance under the Finance Act, 1994, received by M/s Gammon India Ltd, was allowed. The Tribunal determined that the demand was inconsistent with the law, as the entire contractual value had been taxed, and no part was omitted. The judgment emphasized that the mobilization advance, used for procuring essential equipment and labor, was not additional consideration subject to tax. The Tribunal concluded that the advance should not be taxed at the stage of receipt, aligning with the appellant's contention and resulting in the dismissal of the demand. en-us Thu, 23 Jul 2020 00:00:00 +0530 Thu, 07 Nov 2024 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399503 The appeal concerning the taxability of a mobilization advance under the Finance Act, 1994, received by M/s Gammon India Ltd, was allowed. The Tribunal determined that the demand was inconsistent with the law, as the entire contractual value had been taxed, and no part was omitted. The judgment emphasized that the mobilization advance, used for procuring essential equipment and labor, was not additional consideration subject to tax. The Tribunal concluded that the advance should not be taxed at the stage of receipt, aligning with the appellant's contention and resulting in the dismissal of the demand. Case-Laws Service Tax Thu, 23 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399503