https://www.taxtmi.com/caselaws?id=434680 Unparticularised reconciliation of commercial accounts could not sustain a service tax demand where the levy period required a different basis of taxation and no proper bifurcation of alleged short payment was shown; the demand was set aside. Receipts under the airport metro concession were treated as arising from a joint venture with community of interest, joint control and shared revenue, so they were not taxable as renting of immovable property service; the demand was set aside. Letter of credit charges paid to foreign banks were held taxable under reverse charge in principle, but the extended period and penalties were not sustained; only limited tax liability survived. en-us Fri, 24 Feb 2023 00:00:00 +0530 Wed, 01 Mar 2023 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434680 Unparticularised reconciliation of commercial accounts could not sustain a service tax demand where the levy period required a different basis of taxation and no proper bifurcation of alleged short payment was shown; the demand was set aside. Receipts under the airport metro concession were treated as arising from a joint venture with community of interest, joint control and shared revenue, so they were not taxable as renting of immovable property service; the demand was set aside. Letter of credit charges paid to foreign banks were held taxable under reverse charge in principle, but the extended period and penalties were not sustained; only limited tax liability survived. Case-Laws Service Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434680