https://www.taxtmi.com/caselaws?id=234993 The tribunal ruled in favor of the appellant, a merchant banker, in a case concerning service tax liabilities on processing fees from a bank, share income from IPO financing received from an NBFC, and reimbursement of common expenses. The tribunal held that the payments were not taxable under the respective service categories as no services were provided, leading to setting aside the Service Tax levies. Penalties imposed under Section 77 and 78 of the Finance Act, 1994 were also set aside. en-us Fri, 15 Mar 2013 00:00:00 +0530 Mon, 01 Dec 2014 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234993 The tribunal ruled in favor of the appellant, a merchant banker, in a case concerning service tax liabilities on processing fees from a bank, share income from IPO financing received from an NBFC, and reimbursement of common expenses. The tribunal held that the payments were not taxable under the respective service categories as no services were provided, leading to setting aside the Service Tax levies. Penalties imposed under Section 77 and 78 of the Finance Act, 1994 were also set aside. Case-Laws Service Tax Fri, 15 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234993