https://www.taxtmi.com/caselaws?id=428823 The appellate tribunal ruled in favor of the appellant, allowing the appeal regarding tax liability on the abated turnover, incorrect tax calculation, and penalties imposed. The tribunal found the rejection of abatement for the material component unjustified, accepted the appellant's tax calculation at Rs.2,24,763/-, and set aside the penalties imposed by the lower authorities. The decision provided relief to the appellant and highlighted the importance of adhering to valuation rules and factual evidence in tax assessments. en-us Tue, 27 Sep 2022 00:00:00 +0530 Wed, 12 Oct 2022 09:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428823 The appellate tribunal ruled in favor of the appellant, allowing the appeal regarding tax liability on the abated turnover, incorrect tax calculation, and penalties imposed. The tribunal found the rejection of abatement for the material component unjustified, accepted the appellant's tax calculation at Rs.2,24,763/-, and set aside the penalties imposed by the lower authorities. The decision provided relief to the appellant and highlighted the importance of adhering to valuation rules and factual evidence in tax assessments. Case-Laws Service Tax Tue, 27 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428823