𝗖𝗘𝗦𝗧𝗔𝗧 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗚𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲𝘀 𝗮𝗻𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 📢 𝗧𝗵𝗲 𝗖𝗘𝗦𝗧𝗔𝗧 𝗗𝗲𝗹𝗵𝗶 𝗵𝗲𝗹𝗱: Corporate guarantees and cargo space booking profits aren't taxable under Finance Act, 1994, due to no consideration.

🔍 𝗙𝗮𝗰𝘁𝘀: 𝗖𝗼𝗺𝗽𝗮𝗻𝘆: Pristine Logistics and Infra Projects Pvt. Ltd. 𝗜𝘀𝘀𝘂𝗲: Taxability of corporate guarantees and profit from cargo space booking.

⚖️ 𝗝𝘂𝗱𝗴𝗺𝗲𝗻𝘁: Appeal dismissed, confirming no service tax liability on corporate guarantees without consideration or on cargo space booking profits. 𝗢𝗿𝗱𝗲𝗿 𝗗𝗮𝘁𝗲: 30 May 2024 #CESTAT #ServiceTax #arr4nirc