https://www.taxtmi.com/caselaws?id=469057 Service tax was claimed on a corporate guarantee extended to banks for credit facilities used by group companies on the theory that it was comparable to a bank guarantee and fell within taxable service. The Tribunal noted that the Supreme Court had already held that a corporate guarantee issued to group companies without consideration is not shown to be a taxable service, and it applied its own earlier order following that ruling. As the facts were found to be identical and no contrary factual distinction or taxable value was demonstrated, the demand was held unsustainable and the impugned order was set aside. en-us Fri, 18 Jul 2025 00:00:00 +0530 Mon, 01 Jun 2026 10:06:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469057 Service tax was claimed on a corporate guarantee extended to banks for credit facilities used by group companies on the theory that it was comparable to a bank guarantee and fell within taxable service. The Tribunal noted that the Supreme Court had already held that a corporate guarantee issued to group companies without consideration is not shown to be a taxable service, and it applied its own earlier order following that ruling. As the facts were found to be identical and no contrary factual distinction or taxable value was demonstrated, the demand was held unsustainable and the impugned order was set aside. Case-Laws Service Tax Fri, 18 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469057