https://www.taxtmi.com/caselaws?id=222044 The Appellate Tribunal CESTAT, Bangalore ruled in favor of the appellant, granting waiver and stay in a case concerning the exclusion of interest accrued on delayed payments by customers from the taxable value of credit card services. The Tribunal interpreted the relevant legal provisions, determining that the interest should be considered "interest on loans," aligning with the exclusion under Section 67 of the Finance Act, 1994. This decision provided relief to the appellant, allowing for the waiver of pre-deposit and stay of recovery in respect of the demanded dues totaling Rs. 1,14,24,247 for the period from April 2005 to March 2010. en-us Wed, 30 May 2012 00:00:00 +0530 Thu, 11 Apr 2013 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222044 The Appellate Tribunal CESTAT, Bangalore ruled in favor of the appellant, granting waiver and stay in a case concerning the exclusion of interest accrued on delayed payments by customers from the taxable value of credit card services. The Tribunal interpreted the relevant legal provisions, determining that the interest should be considered "interest on loans," aligning with the exclusion under Section 67 of the Finance Act, 1994. This decision provided relief to the appellant, allowing for the waiver of pre-deposit and stay of recovery in respect of the demanded dues totaling Rs. 1,14,24,247 for the period from April 2005 to March 2010. Case-Laws Service Tax Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222044