https://www.taxtmi.com/caselaws?id=33565 The Tribunal remanded the case for fresh consideration, emphasizing that service tax can only be levied on amounts actually realized, not merely due. The appellant's plea for waiver of the remaining deposit was supported by references to relevant rules and legislation. The dispute over taxability of accrued income and valuation regarding service tax on unreceived amounts was categorized as a valuation issue. The Tribunal directed a reconsideration of the case, highlighting that service tax can only be imposed on amounts actually received, in line with statutory provisions and established case law. en-us Thu, 18 Sep 2008 00:00:00 +0530 Thu, 20 Mar 2014 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33565 The Tribunal remanded the case for fresh consideration, emphasizing that service tax can only be levied on amounts actually realized, not merely due. The appellant's plea for waiver of the remaining deposit was supported by references to relevant rules and legislation. The dispute over taxability of accrued income and valuation regarding service tax on unreceived amounts was categorized as a valuation issue. The Tribunal directed a reconsideration of the case, highlighting that service tax can only be imposed on amounts actually received, in line with statutory provisions and established case law. Case-Laws Service Tax Thu, 18 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33565