2013 (11) TMI 920

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..... ce Tax (Determination of Value) Rules, 2006 - Held that:- Whether the value received by the assessee in respect of services such as security, videography, photo rolls, iron boards, locking and sealing material etc. should be excluded from the gross taxable value, in view of provisions of Rule 5(2) of the Service Tax Rules is not wholly free from doubt at this stage. However, the entirety of the as .....

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..... ified, including penalty of an amount equal to the service tax liability assessed, under Section 78 of the Finance Act, 1994. The Appellate Commissioner confirmed the order passed by the adjudicating authority. The substantial issue that falls for consideration in this appeal is whether the amount received by the assessee from banks and financial institution towards reimbursement of some of the se .....

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..... of any sums due to such banking company or financial institution, including a non-banking financial company, or any other body corporate or a firm, in any manner. 3. Whether the value received by the assessee in respect of services such as security, videography, photo rolls, iron boards, locking and sealing material etc. should be excluded from the gross taxable value, in view of provisions of R .....

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