https://www.taxtmi.com/caselaws?id=411678 The Tribunal ruled in favor of the appellant, a PSU contesting service tax and penalty under the Finance Act, 1994. The dispute centered on whether the notional value of free facilities provided to CISF should be included in the assessable value for service tax under the reverse charge mechanism. The Tribunal held that the costs reimbursed to CISF for various facilities should not be added to the assessable value, citing relevant precedents. It rejected the Commissioner's demand, disallowed the penalty, and supported the appellant's arguments, granting relief. en-us Wed, 25 Aug 2021 00:00:00 +0530 Tue, 31 Aug 2021 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411678 The Tribunal ruled in favor of the appellant, a PSU contesting service tax and penalty under the Finance Act, 1994. The dispute centered on whether the notional value of free facilities provided to CISF should be included in the assessable value for service tax under the reverse charge mechanism. The Tribunal held that the costs reimbursed to CISF for various facilities should not be added to the assessable value, citing relevant precedents. It rejected the Commissioner's demand, disallowed the penalty, and supported the appellant's arguments, granting relief. Case-Laws Service Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411678