TMI Blog2016 (4) TMI 984X X X X Extracts X X X X X X X X Extracts X X X X ..... which tax liability, will not arise. Also the Chartered Accountant of the appellant has stated that service tax on the depositary charges collected by Nagpur branch, is discharged by the Mumbai depositary services branch and was remitted to the government treasury by Mumbai branch - Held that:- the order of the first appellate authority is incorrect in as much these evidences were over looked by t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s sought to be imposed is on the interest which is collected by the appellant bank on bill discounting, we find from the records that at page no. 55, the Chartered Accountant of the appellant assessee bank after going through the entire records has stated that commission received on exchange collected on in land bill purchased and discounted during the period includes value of interest on which ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anda. 6. In view of this factual position, we find that the order of the first appellate authority is incorrect in as much these evidences were over looked by the first appellate authority. 7. In view of the foregoing, in the facts and circumstances of this case we hold that the impugned order is unsustainable and liable to be set aside and we do so. 8. The impugned order is set aside and ..... X X X X Extracts X X X X X X X X Extracts X X X X
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