https://www.taxtmi.com/caselaws?id=412105 The appellant challenged the order-in-original imposing taxable service on corporate guarantees, citing inconsistencies with judicial precedent and arguing against the inclusion of certain guarantees. Despite specific inclusion in the Finance Act, 1994, the appellant failed to pay the liability for providing corporate guarantees. The distinction between corporate and bank guarantees was emphasized, questioning the indiscriminate perception of guarantees. The lack of clarity and certainty in tax determination by the authorities led to the appeal being allowed, setting aside the impugned order due to the failure to determine the congruity of bank guarantees within the definition of taxable service. en-us Tue, 07 Sep 2021 00:00:00 +0530 Tue, 19 Apr 2022 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412105 The appellant challenged the order-in-original imposing taxable service on corporate guarantees, citing inconsistencies with judicial precedent and arguing against the inclusion of certain guarantees. Despite specific inclusion in the Finance Act, 1994, the appellant failed to pay the liability for providing corporate guarantees. The distinction between corporate and bank guarantees was emphasized, questioning the indiscriminate perception of guarantees. The lack of clarity and certainty in tax determination by the authorities led to the appeal being allowed, setting aside the impugned order due to the failure to determine the congruity of bank guarantees within the definition of taxable service. Case-Laws Service Tax Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412105