https://www.taxtmi.com/caselaws?id=448863 CESTAT Allahabad ruled in favor of appellant regarding service tax demand based on balance sheet discrepancies. The tribunal found that revised audited balance sheet reduced receipts by Rs.81,15,826, eliminating alleged service tax difference of Rs.7,72,960 for FY 2009-10. Following HC precedents, the tribunal held that balance sheet figures alone cannot determine service tax liability without corroborative evidence of actual receipts. Extended limitation period was rejected as department failed to prove malafide intention for tax evasion. Service tax demand of Rs.56,39,991 and penalties were set aside. Interest of Rs.30,585 was upheld only for normal limitation period (October 2012-March 2013). Appeal partly allowed. en-us Tue, 30 Jan 2024 00:00:00 +0530 Wed, 31 Jan 2024 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448863 CESTAT Allahabad ruled in favor of appellant regarding service tax demand based on balance sheet discrepancies. The tribunal found that revised audited balance sheet reduced receipts by Rs.81,15,826, eliminating alleged service tax difference of Rs.7,72,960 for FY 2009-10. Following HC precedents, the tribunal held that balance sheet figures alone cannot determine service tax liability without corroborative evidence of actual receipts. Extended limitation period was rejected as department failed to prove malafide intention for tax evasion. Service tax demand of Rs.56,39,991 and penalties were set aside. Interest of Rs.30,585 was upheld only for normal limitation period (October 2012-March 2013). Appeal partly allowed. Case-Laws Service Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448863