https://www.taxtmi.com/caselaws?id=436144 The Court dismissed the Civil Appeal challenging the taxation of a corporate guarantee issued without consideration. Both the Principal Commissioner GST and the CEST Tribunal ruled in favor of the assessee, emphasizing that without consideration, taxability does not arise under the Finance Act. The Court found that the assessee had not received any consideration for the guarantees provided to its group companies, and the Revenue failed to demonstrate otherwise. As the factual circumstances were not identical to the pending case, the Court did not see a reason to admit the appeal. en-us Fri, 17 Mar 2023 00:00:00 +0530 Mon, 09 Oct 2023 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436144 The Court dismissed the Civil Appeal challenging the taxation of a corporate guarantee issued without consideration. Both the Principal Commissioner GST and the CEST Tribunal ruled in favor of the assessee, emphasizing that without consideration, taxability does not arise under the Finance Act. The Court found that the assessee had not received any consideration for the guarantees provided to its group companies, and the Revenue failed to demonstrate otherwise. As the factual circumstances were not identical to the pending case, the Court did not see a reason to admit the appeal. Case-Laws Service Tax Fri, 17 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436144