Court Dismisses Extended Tax Demand; No Penalty Due to Interpretative Nature of Service Tax Rate Revision.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Extended period of limitation - penalty - service tax rate was revised from 8% to 10.2% - the issue being of interpretation of law, longer period of demand cannot be invoked, hence the demand for the extended period was set aside - No penalty.....