TMI Blog2011 (4) TMI 502X X X X Extracts X X X X X X X X Extracts X X X X ..... in Banking & Other Financial activities - As per the Principal Bench of this Tribunal, in the case of CST Delhi Vs. P.N. Vijay Financial Services Pvt.Ltd.[2008 -TMI - 31722 - CESTAT, NEW DELHI ],held that the respondent were not liable to pay any service tax for service rendered as commission agent in connection with sale and purchase of units of mutual fund schemes during the relevant period" - D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ine Hundreds, Thirty Eight only) and imposed penalty and ordered interest at appropriate rate. The Commissioner(Appeals), in his order, rejected the appeal filed by M/s Angram Stock Broking Ltd. and accepted the Revenue's appeal with regard to imposition of 25% penalty. 2. The present appeal is filed by M/s Anagram Stock Broking Ltd. against the order of Commissioner(Appeals). It was contended b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aside and therefore no interest and penalty are payable. They stated that there was no suppression of facts in the present case, proceedings were initiated by the Revenue in the past on the same controversy. 3. The Principal Bench of this Tribunal, in the case of CST Delhi Vs. P.N. Vijay Financial Services Pvt.Ltd. 2008 (12) STR 628 (Tri-Del.), observed as follows: "The mutual fund units b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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