https://www.taxtmi.com/caselaws?id=450292 The CESTAT Hyderabad allowed the appeal and set aside service tax demands across multiple categories for FY 2010-11 to 2013-14. The tribunal held that set-off adjustments against foreign payables constitute receipt of convertible foreign exchange, making Business Auxiliary Services exempt. Cold storage facility transactions were deemed not mere renting services. Services to Navy/coastal guards were properly exempted under relevant provisions. Warranty claims involving composite works couldn't be taxed under service category. Extended limitation period was held inapplicable as department had knowledge of facts from previous proceedings, appellant maintained proper records, and no suppression or misrepresentation occurred. All penalties were set aside. en-us Thu, 29 Feb 2024 00:00:00 +0530 Sat, 02 Mar 2024 07:22:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450292 The CESTAT Hyderabad allowed the appeal and set aside service tax demands across multiple categories for FY 2010-11 to 2013-14. The tribunal held that set-off adjustments against foreign payables constitute receipt of convertible foreign exchange, making Business Auxiliary Services exempt. Cold storage facility transactions were deemed not mere renting services. Services to Navy/coastal guards were properly exempted under relevant provisions. Warranty claims involving composite works couldn't be taxed under service category. Extended limitation period was held inapplicable as department had knowledge of facts from previous proceedings, appellant maintained proper records, and no suppression or misrepresentation occurred. All penalties were set aside. Case-Laws Service Tax Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450292