https://www.taxtmi.com/caselaws?id=767396 CESTAT Allahabad allowed the appeal, setting aside service tax demand of Rs 5,98,38,654/- based on discrepancies between P&L account and ST-3 returns. The tribunal found no actual discrepancy after adjusting amounts for sale of goods and negative list services, following Supreme Court precedent in Imagic Creative regarding composite contracts. CENVAT credit denial of Rs 97,36,884/- was also overturned as lease rentals for billboard space qualified as input services. Late fees under Section 70 were set aside due to reasonable grounds for delayed filing, but penalties under Section 77 were upheld despite defective show cause notice. en-us Mon, 10 Mar 2025 00:00:00 +0530 Tue, 18 Mar 2025 08:35:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767396 CESTAT Allahabad allowed the appeal, setting aside service tax demand of Rs 5,98,38,654/- based on discrepancies between P&L account and ST-3 returns. The tribunal found no actual discrepancy after adjusting amounts for sale of goods and negative list services, following Supreme Court precedent in Imagic Creative regarding composite contracts. CENVAT credit denial of Rs 97,36,884/- was also overturned as lease rentals for billboard space qualified as input services. Late fees under Section 70 were set aside due to reasonable grounds for delayed filing, but penalties under Section 77 were upheld despite defective show cause notice. Case-Laws Service Tax Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767396