https://www.taxtmi.com/caselaws?id=253437 The Tribunal granted the applicant's request for a complete waiver of pre-deposit, ruling that the appellant, a Non-banking Finance Company, providing financial leasing services, is exempt from paying service tax on interest earned from loans. The Tribunal relied on legal provisions exempting interest on loans from service tax and stayed the recovery of the service tax, interest, and penalties during the appeal process. en-us Tue, 09 Sep 2014 00:00:00 +0530 Thu, 02 Jul 2015 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253437 The Tribunal granted the applicant's request for a complete waiver of pre-deposit, ruling that the appellant, a Non-banking Finance Company, providing financial leasing services, is exempt from paying service tax on interest earned from loans. The Tribunal relied on legal provisions exempting interest on loans from service tax and stayed the recovery of the service tax, interest, and penalties during the appeal process. Case-Laws Service Tax Tue, 09 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253437