No service on Penalty or Compensation Received for any Loss or Damage Caused by Breach or Non-Performance of Contract: CESTAT rules in favour of Fab India Ltd [Read Order]

Fab India - Delhi bench - Non-Performance of Contract - Damage Caused - TAXSCAN

The Delhi bench of the Customs, Excise & Service Tax Appellate Tribunal(CESTAT) in the case of Fab India Limited, held that no service on penalty or compensation was received for any loss or damage caused by breach or non-performance of contract. The appellant is engaged in the manufacturing of readymade garments and made-up articles of…

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