https://www.taxtmi.com/caselaws?id=77411 The Tribunal ruled in favor of the appellant, finding that the company's activities did not constitute taxable services during the relevant period. It was determined that the company was primarily engaged in lending money and receiving interest, rather than providing banking and financial services as alleged. The Tribunal referenced a prior decision to distinguish between taxable Hire purchase Service and non-taxable Hire purchase Finance Service, ultimately setting aside the Commissioner's order and granting relief to the appellant from penalties and tax liability. en-us Mon, 12 Nov 2007 00:00:00 +0530 Mon, 13 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77411 The Tribunal ruled in favor of the appellant, finding that the company's activities did not constitute taxable services during the relevant period. It was determined that the company was primarily engaged in lending money and receiving interest, rather than providing banking and financial services as alleged. The Tribunal referenced a prior decision to distinguish between taxable Hire purchase Service and non-taxable Hire purchase Finance Service, ultimately setting aside the Commissioner's order and granting relief to the appellant from penalties and tax liability. Case-Laws Service Tax Mon, 12 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77411