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2017 (1) TMI 976 - AT - Service TaxClassification of services - amounts received as commission by the appellant for underwriting services rendered - whether classified as Underwriting Services or as Banking and Other Financial Services? - time bar - Held that: - the activity of 'Underwriting' is now settled by the, Tribunal against the appellant in the case Jubilant Life Sciences Ltd v. Commissioner of Central Excise, Noida [2013 (5) TMI 393 - CESTAT NEW DELHI] as taxable - services classifiable under the head Underwriting Services and is taxable. Extended period of limitation - Held that: - extended period can be Invoked as the activity was not brought to the Notice of the authorities - there is nothing to substantiate the claim of the appellant that they were under a bona fide belief that the activities undertaken by them were not taxable. Appeal dismissed - decided against assessee.
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