2013 (10) TMI 1112

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..... Tax liability on the amount received by the appellant as loan - M/s J.R. Construction has very clearly stated that the said amount is indicated in the books of account as Unsecured Loan - If that be so, prima facie, loans cannot be considered as amount received as an advance and taxable under the provisions of Finance Act, 1994 - the appellant’s, have made out a prima facie case for waiver of th .....

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..... s received an amount of Rs.10 lakhs from M/s J.R. Construction as an advance and has not discharged the Service Tax liability on the said amount under the category of Construction services. 2. Heard both sides and perused the records. 3. On careful consideration of the submissions made by both sides and perusal of the records, we find that the issue involved in this case is taxability of the a .....

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