2010 (9) TMI 518

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..... esident - Heard both sides on the application for waiver of service tax of Rs. 2,33,16,506 together with interest and penalty of Rs. 2,35,00,000 under section 78 of the Finance Act, 1994. The demand has been confirmed as a result of holding that the applicants were rendering Business Auxiliary Service including forming, training, linking and monitoring of Self Help Groups (SHGs) and recovery of .....

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..... income or profit was paid or transferred to their members directly or indirectly by way of dividend or bonus. This view finds support from the decision of the Tribunal in Institute of Banking Personnel Selection v. CST [2007] 10 STT 489 (Mum. - CESTAT).   Although the Commissioner (Appeals) has relied upon the Tribunal's decision in Punjab Ex-Servicemen Corpn. v. CCE [2009] 18 STT 121 (New .....

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