https://www.taxtmi.com/caselaws?id=797926 Taxable value of construction services provided to existing occupants under a redevelopment scheme cannot be determined from the sale value of flats sold to independent buyers in the same project. Where consideration is not ascertainable, Section 67 of the Finance Act, 1994 and the Service Tax Valuation Rules permit reference to similar services; however, reconstructed flats supplied to existing occupants and flats purchased for monetary consideration involve distinct categories of recipients and are not comparable solely because they belong to one project. The assumed valuation was therefore unsustainable, and the service-tax demand, consequential interest, and penalty were set aside. en-us Mon, 24 Aug 2026 00:00:00 +0530 Mon, 31 Aug 2026 09:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797926 Taxable value of construction services provided to existing occupants under a redevelopment scheme cannot be determined from the sale value of flats sold to independent buyers in the same project. Where consideration is not ascertainable, Section 67 of the Finance Act, 1994 and the Service Tax Valuation Rules permit reference to similar services; however, reconstructed flats supplied to existing occupants and flats purchased for monetary consideration involve distinct categories of recipients and are not comparable solely because they belong to one project. The assumed valuation was therefore unsustainable, and the service-tax demand, consequential interest, and penalty were set aside. Case-Laws Service Tax Mon, 24 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797926