https://www.taxtmi.com/caselaws?id=787679 Rent free accommodation, electricity and like facilities provided directly by the service recipient do not constitute consideration for valuation under Section 67 of the Finance Act, 1994, and therefore are not includible in the taxable value; valuation Rules (including Rule 5(1)) cannot expand the statutory concept of consideration beyond Section 67. Separately, the extended limitation under Section 73(1) is not invokable in the absence of suppression or evidence of misrepresentation or mens rea, so assessments relying on the extended period are impermissible without such a finding. en-us Mon, 09 Mar 2026 00:00:00 +0530 Wed, 11 Mar 2026 08:17:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787679 Rent free accommodation, electricity and like facilities provided directly by the service recipient do not constitute consideration for valuation under Section 67 of the Finance Act, 1994, and therefore are not includible in the taxable value; valuation Rules (including Rule 5(1)) cannot expand the statutory concept of consideration beyond Section 67. Separately, the extended limitation under Section 73(1) is not invokable in the absence of suppression or evidence of misrepresentation or mens rea, so assessments relying on the extended period are impermissible without such a finding. Case-Laws Service Tax Mon, 09 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787679