2017 (1) TMI 433

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..... so contended that the total dues had been discharged by 15th March 2016 and the interest liability also been remitted to the revenue of the Central Government - the taxability of the said services under ‘business auxiliary service’ had attained finality only after reference to a Larger Bench indicating the doubts that persisted about leviability - this is a fit case for invoking the provisions of .....

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..... eceived from banks and financial institutions for promoting the loans on offer from these institutions, sales incentives and referral incentives of insurance companies. In the impugned order, in addition to the demand, penalty of ₹ 13,000/- were imposed under section 77 and ₹ 46,63,561/- under section 78 of the Finance Act, 1994. 2. We have heard the learned Chartered Accountant and .....

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..... that the total dues had been discharged by 15 th March 2016 and the interest liability also been remitted to the revenue of the Central Government. We take note of the submissions made by Learned Chartered Accountant and that the taxability of the said services under business auxiliary service had attained finality only after reference to a Larger Bench indicating the doubts that persisted abou .....

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