2012 (11) TMI 1076

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..... TMI 274 - CESTAT, AHMEDABAD] has held that such activity does not fall under the category of Banking and Financial service and the above activity is exempt from banking and financial services. As the issue has attained finality by the order of the Tribunal in Canara Bank (supra) therefore following the same, we hold that the appellant are not liable to pay service tax confirmed against them by wa .....

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..... deposit, RBI bond, EPF, senior citizen saving scheme, compulsory deposit scheme etc. The revenue has also filed an appeal against impugned order for non-imposition of penalty under Section 76 of the Finance Act, 1994. 2. As both appeals are arising from same order, therefore, both are being disposed of by a common order. 3. Shri B. Raichandani, ld. Counsel for the assessee submits that on t .....

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