https://www.taxtmi.com/caselaws?id=218911 The Tribunal partially allowed the appeal by the Appellant, a stock broker, in a case involving liability for service tax on sub-broker services and marketing of public issue shares. The Tribunal set aside the demand for Business Auxiliary Services and penalty under section 76, while reducing the penalty under section 78. The interpretation of Circular No. 80/10/2004-S.T. was pivotal in determining tax liability under Business Auxiliary Services, with the Tribunal agreeing that no tax was intended to be levied on proprietary ship concerns during the relevant period. en-us Thu, 06 Sep 2012 00:00:00 +0530 Wed, 15 May 2013 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218911 The Tribunal partially allowed the appeal by the Appellant, a stock broker, in a case involving liability for service tax on sub-broker services and marketing of public issue shares. The Tribunal set aside the demand for Business Auxiliary Services and penalty under section 76, while reducing the penalty under section 78. The interpretation of Circular No. 80/10/2004-S.T. was pivotal in determining tax liability under Business Auxiliary Services, with the Tribunal agreeing that no tax was intended to be levied on proprietary ship concerns during the relevant period. Case-Laws Service Tax Thu, 06 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218911