https://www.taxtmi.com/caselaws?id=750606 CESTAT New Delhi allowed the appeal, setting aside the service tax demand of Rs. 1,37,96,613/- confirmed by Commissioner (Appeals). The tribunal held that sundry debtors/unrealized receivables shown in balance sheet cannot be considered as value of service without verifying actual receipt of amounts or provision of services. The demand was based merely on differences between profit and loss account and ST-3 returns without proper verification. The tribunal also found extended period of limitation was wrongly invoked as there was no evidence of intent to evade tax, and the matter originated from appellant's own audit records. en-us Tue, 19 Mar 2024 00:00:00 +0530 Tue, 26 Mar 2024 07:52:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750606 CESTAT New Delhi allowed the appeal, setting aside the service tax demand of Rs. 1,37,96,613/- confirmed by Commissioner (Appeals). The tribunal held that sundry debtors/unrealized receivables shown in balance sheet cannot be considered as value of service without verifying actual receipt of amounts or provision of services. The demand was based merely on differences between profit and loss account and ST-3 returns without proper verification. The tribunal also found extended period of limitation was wrongly invoked as there was no evidence of intent to evade tax, and the matter originated from appellant's own audit records. Case-Laws Service Tax Tue, 19 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750606