Service Tax on Coal Block Cancellation Compensation

Rajeev Kumar Agarwal, Advocate MNH Shakti Limited Vs Commissioner, Central Goods And Service Tax & Central Excise, Rourkela (CESTAT Kolkata) Today, the Hon’ble CESTAT, Kolkata Bench, vide its Order No. 75689/2021 dated 10.11.2021 has pronounced its judgement on a very important and vexed issue, in favour of the assessee, which will benefit many Corporates which have received similar demand notices for levy of Service Tax on the compensation amount received by them, consequent to cancellation of coal blocks by the Hon’ble Supreme Court in 2014, by invoking the provisions of Section 66E(...