2012 (2) TMI 504 - AT - Service Tax

Summary

The Appellate Tribunal CESTAT DELHI dismissed the revenue's application for stay of the impugned order. The issue was whether the tax rate in force at the time of realization of consideration or the rate in force shall be applicable to compute tax liability. The Tribunal held that the tax rate on the date of realization of consideration is not mandated by the statute. The appeal of the revenue was dismissed.