TMI Blog2018 (6) TMI 657X X X X Extracts X X X X X X X X Extracts X X X X ..... ed by the appellant that they are not collecting any subscription from the members of the association and the money deposited is a corpus fund in the bank earns interest out of which the association is providing maintenance activities in the farms/estates. The accrued interest received from the bank on an amount deposited cannot be treated as subscription - demand do not sustain - appeal allowed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on the interest earned from the corpus deposit. SCN was issued for the period April 2010 to March 2014. After due process of law, the original authority confirmed the demand, interest and imposed penalties. Being aggrieved, appellants filed appeal before the Commissioner (Appeals), who vide the impugned order herein upheld the same. Hence, appellants are now before the Tribunal. 2. On behalf o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b or Association service . That therefore the demand cannot sustain. He relied upon the decision in the case of M/s. Cosmopolitan Club Others, vide Final Order No.40366 40385/2018 dated 06.02.2018. 3. The Ld. AR, Shri S. Govindarajan, AC, reiterated the findings in the impugned order. 4. Heard both sides. 5. On perusal of records as well as after hearing the submissions made by both si ..... X X X X Extracts X X X X X X X X Extracts X X X X
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