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2018 (10) TMI 1208 - AT - Service TaxValuation of taxable services - inclusion of amount of concession in the name of scholarship given by the appellant to its various students in assessable value - Department has entertained a view that the amount of concession in the name of scholarship given by the appellant to its various students is in a way a non-monetary consideration and as per Section 67 of the Finance act, 1994 read with Rule 3 of Service Tax Valuation Rules, 2006. Held that:- The matter is no longer res integra and it has already been decided by this Tribunal in the case of M/S RESONANCE EDUVENTURES PVT. LTD., SHRI R.K. VERMA, MANAGING DIRECTOR, M/S ALIEN CAREER INSTITUTE VERSUS CCE & ST, JAIPUR [2017 (11) TMI 1276 - CESTAT NEW DELHI], where it was held that there are no reason to consider the concessional portion of fee which is as per the pre-declared publicity material, as part of non-monetary consideration requiring addition to the monetary consideration to arrive at the gross value. Appeal allowed - decided in favor of appellant.
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