https://www.taxtmi.com/caselaws?id=794703 Direct purchase, development and sale of land on behalf of a firm, without any agency, consultancy or commission element, is not taxable as Real Estate Agent Service; the demand was set aside. Works Contract valuation must first be made under Rule 2A(i) where the value of goods transferred is identifiable and supported by records; applying Rule 2A(ii) without rejecting the actual-deduction method was unjustified, so the differential demand was set aside. The GTA demand survived only to the extent of the admitted amount already paid, and the consequential penalties were also set aside. en-us Tue, 07 Jul 2026 00:00:00 +0530 Fri, 10 Jul 2026 07:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794703 Direct purchase, development and sale of land on behalf of a firm, without any agency, consultancy or commission element, is not taxable as Real Estate Agent Service; the demand was set aside. Works Contract valuation must first be made under Rule 2A(i) where the value of goods transferred is identifiable and supported by records; applying Rule 2A(ii) without rejecting the actual-deduction method was unjustified, so the differential demand was set aside. The GTA demand survived only to the extent of the admitted amount already paid, and the consequential penalties were also set aside. Case-Laws Service Tax Tue, 07 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794703