https://www.taxtmi.com/caselaws?id=443028 The Tribunal dismissed the Revenue's appeal and set aside the demands for service tax on monies received through encashment of performance guarantees and on liquidated damages for non-performance by contractors/sub-contractors. The Tribunal held that the amounts received were not subject to service tax as they were considered compensation for default and not consideration for tolerating breach of contract. The appellant's appeal was allowed, and they were eligible for consequential relief as per law. en-us Tue, 12 Sep 2023 00:00:00 +0530 Fri, 15 Sep 2023 08:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443028 The Tribunal dismissed the Revenue's appeal and set aside the demands for service tax on monies received through encashment of performance guarantees and on liquidated damages for non-performance by contractors/sub-contractors. The Tribunal held that the amounts received were not subject to service tax as they were considered compensation for default and not consideration for tolerating breach of contract. The appellant's appeal was allowed, and they were eligible for consequential relief as per law. Case-Laws Service Tax Tue, 12 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443028