https://www.taxtmi.com/caselaws?id=399605 The Tribunal set aside the tax liability imposed on M/s BG Exploration & Production India Ltd., amounting to Rs. 10,98,62,116 under the Finance Act, 1994. It held that the expenditures were not consideration for taxable services but capital contributions to the joint venture. The Tribunal found the use of the clarificatory circular improper, restricting the demand to the normal period under the tax scheme. The alleged tax liability on services rendered by the appellant was deemed misplaced, leading to the appeal's success on 11/06/2020. en-us Thu, 11 Jun 2020 00:00:00 +0530 Tue, 03 Aug 2021 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399605 The Tribunal set aside the tax liability imposed on M/s BG Exploration & Production India Ltd., amounting to Rs. 10,98,62,116 under the Finance Act, 1994. It held that the expenditures were not consideration for taxable services but capital contributions to the joint venture. The Tribunal found the use of the clarificatory circular improper, restricting the demand to the normal period under the tax scheme. The alleged tax liability on services rendered by the appellant was deemed misplaced, leading to the appeal's success on 11/06/2020. Case-Laws Service Tax Thu, 11 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399605