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2017 (9) TMI 1194 - AT - Service TaxLevy of tax - transaction fee on turnover charges - Department sought to tax the fee under 'forward contract service' - Time limitation - Held that: - the issue with regard to levy of Service Tax on transaction fees or transaction charges is highly contentious - it is evident that there were confusion with regard to levy of Service Tax on the transaction and other charges by a stock broker - In the present case, since the proceedings were initiated by the Department beyond the normal period of limitation, the demand confirmed cannot be sustained on the ground of limitation - appeal allowed - decided in favor of appellant.
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