Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The CESTAT held that the appellant bank merely acted on behalf of the Indian exporter and facilitated the service. The appellant bank would not be liable to pay service tax under the reverse charge mechanism on 'foreign bank charges' paid to the foreign correspondent bank. The appeal of the revenue was dismissed.
The CESTAT held that the appellant bank merely acted on behalf of the Indian exporter and facilitated the service. The appellant bank would not be liable to pay service tax under the reverse charge mechanism on 'foreign bank charges' paid to the foreign correspondent bank. The appeal of the revenue was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
