https://www.taxtmi.com/caselaws?id=758073 Where the department relied only on annual reports and books already disclosed by the assessee, the extended period of limitation was not justified and penalty could not be sustained because no suppression of facts with intent to evade tax was shown. Receipts from advertisement space, franchisee arrangements, club or association activity, maintenance and repair, renting of immovable property, event management and related activities were treated as integrally connected with the promotion of sport and as naturally bundled services, rather than independent commercial exploitation. On that footing, the article states that the disputed service tax demands were not sustainable, while the dropped demands were rightly upheld for both the pre- and post-01.07.2012 periods under the relevant exemption framework. en-us Thu, 05 Sep 2024 00:00:00 +0530 Fri, 06 Sep 2024 11:34:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758073 Where the department relied only on annual reports and books already disclosed by the assessee, the extended period of limitation was not justified and penalty could not be sustained because no suppression of facts with intent to evade tax was shown. Receipts from advertisement space, franchisee arrangements, club or association activity, maintenance and repair, renting of immovable property, event management and related activities were treated as integrally connected with the promotion of sport and as naturally bundled services, rather than independent commercial exploitation. On that footing, the article states that the disputed service tax demands were not sustainable, while the dropped demands were rightly upheld for both the pre- and post-01.07.2012 periods under the relevant exemption framework. Case-Laws Service Tax Thu, 05 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758073