https://www.taxtmi.com/caselaws?id=750682 The Tribunal upheld the order-in-appeal, rejecting the Revenue's appeal and providing relief to the respondent. It concluded that no service tax could be charged on corporate guarantees provided without actual consideration. The Tribunal determined that service tax is applicable only on received consideration for taxable services, and since no consideration was received, the Revenue's argument was dismissed. en-us Wed, 27 Mar 2024 00:00:00 +0530 Wed, 27 Mar 2024 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750682 The Tribunal upheld the order-in-appeal, rejecting the Revenue's appeal and providing relief to the respondent. It concluded that no service tax could be charged on corporate guarantees provided without actual consideration. The Tribunal determined that service tax is applicable only on received consideration for taxable services, and since no consideration was received, the Revenue's argument was dismissed. Case-Laws Service Tax Wed, 27 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750682