https://www.taxtmi.com/caselaws?id=301214 A prima facie challenge to service tax liability justified interference with the interim pre-deposit condition where the assessee argued that the arrangements may not constitute a taxable service and that the taxable value was wrongly taken as the entire consideration received under the memoranda of understanding. The Court noted that the adjudicating authority had itself accepted that the value of land could not form part of the taxable base, yet the demand was computed on the full amount received. As the nature of the activity, the alleged return of part of the consideration in shares, and the correct valuation basis required examination by the tribunal, the pre-deposit was reduced on balance of convenience. en-us Tue, 15 Sep 2015 00:00:00 +0530 Mon, 21 Mar 2022 08:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301214 A prima facie challenge to service tax liability justified interference with the interim pre-deposit condition where the assessee argued that the arrangements may not constitute a taxable service and that the taxable value was wrongly taken as the entire consideration received under the memoranda of understanding. The Court noted that the adjudicating authority had itself accepted that the value of land could not form part of the taxable base, yet the demand was computed on the full amount received. As the nature of the activity, the alleged return of part of the consideration in shares, and the correct valuation basis required examination by the tribunal, the pre-deposit was reduced on balance of convenience. Case-Laws Service Tax Tue, 15 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301214