https://www.taxtmi.com/caselaws?id=752274 Service tax was not leviable on a corporate guarantee furnished by an overseas holding company where no commission, fee, or other consideration was received. The Tribunal applied the settled principle that taxable service value arises only when consideration is charged for the service, and found the record showed no payment in lieu of the guarantee. The demand therefore failed on merits, and the objections on extended limitation, interest, and penalty did not survive once taxability was negated. en-us Tue, 30 Apr 2024 00:00:00 +0530 Mon, 06 May 2024 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752274 Service tax was not leviable on a corporate guarantee furnished by an overseas holding company where no commission, fee, or other consideration was received. The Tribunal applied the settled principle that taxable service value arises only when consideration is charged for the service, and found the record showed no payment in lieu of the guarantee. The demand therefore failed on merits, and the objections on extended limitation, interest, and penalty did not survive once taxability was negated. Case-Laws Service Tax Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752274