https://www.taxtmi.com/caselaws?id=439509 The Tribunal set aside the order confirming a service tax demand on M/s. M. N. Dastur & Co. Pvt Ltd for receiving excess compensation upon cancellation of an agreement to sell an immovable property. The compensation received was deemed to be for damages due to the seller's failure to fulfill obligations, not falling under the 'Declared Service' category. The appeal was allowed, emphasizing that the compensation was for damages incurred, not for tolerating an act or situation, as per Section 66E(e) of the Finance Act. en-us Fri, 23 Jun 2023 00:00:00 +0530 Tue, 27 Jun 2023 08:08:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439509 The Tribunal set aside the order confirming a service tax demand on M/s. M. N. Dastur & Co. Pvt Ltd for receiving excess compensation upon cancellation of an agreement to sell an immovable property. The compensation received was deemed to be for damages due to the seller's failure to fulfill obligations, not falling under the 'Declared Service' category. The appeal was allowed, emphasizing that the compensation was for damages incurred, not for tolerating an act or situation, as per Section 66E(e) of the Finance Act. Case-Laws Service Tax Fri, 23 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439509