https://www.taxtmi.com/caselaws?id=438056 The Tribunal set aside the order confirming a service tax demand on the appellant for receiving damages/compensation from service providers. It ruled in favor of the appellant, stating that compensatory payments like liquidated damages should not be considered taxable under Section 66E of the Finance Act, 1994, when they do not represent consideration for a supply. The decision was based on a CBIC Circular and previous precedent cases, emphasizing the non-taxable nature of such payments in cases of breach of contract. en-us Mon, 02 Jan 2023 00:00:00 +0530 Mon, 22 May 2023 08:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438056 The Tribunal set aside the order confirming a service tax demand on the appellant for receiving damages/compensation from service providers. It ruled in favor of the appellant, stating that compensatory payments like liquidated damages should not be considered taxable under Section 66E of the Finance Act, 1994, when they do not represent consideration for a supply. The decision was based on a CBIC Circular and previous precedent cases, emphasizing the non-taxable nature of such payments in cases of breach of contract. Case-Laws Service Tax Mon, 02 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438056