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2011 (8) TMI 438 - AT - Service TaxWaiver of pre-deposit - short payment of service tax - Service Tax demand of ₹ 73,437/- was made alleging that there was short payment of service tax, tax of ₹ 28,07,537/- was imposed taxing transaction charges to form part of gross value and there was levy of service tax of ₹ 71,92,261/- on the delay pay-in-charges classifying the service provided by the appellant under the category banking and financial services - As the law declared in All India Federation of Tax Practitioners - [2007 (8) TMI 1 - Supreme Court and Association of Leasing and Financial Service Companies [2010 (10) TMI 4 - SUPREME COURT OF INDIA], held that appellant failed to bring out a prima facie case in its favour. - Stay granted partly.
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