https://www.taxtmi.com/caselaws?id=262880 In a service tax dispute over differential interest earned from assignment and servicing of loan portfolios, the Tribunal treated the arrangement as involving actionable claims and observed that where the assignor continues to recover amounts and remits principal and interest to the assignee, the retained differential interest may be regarded as consideration for servicing. On the material then available, the appellant did not establish a strong prima facie case for full waiver of pre-deposit. Questions of limitation and penalty were left for fuller examination at final hearing. Partial conditional waiver of the balance pre-deposit and interim stay were granted subject to deposit of the amount directed. en-us Thu, 30 Apr 2015 00:00:00 +0530 Thu, 14 Jan 2016 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262880 In a service tax dispute over differential interest earned from assignment and servicing of loan portfolios, the Tribunal treated the arrangement as involving actionable claims and observed that where the assignor continues to recover amounts and remits principal and interest to the assignee, the retained differential interest may be regarded as consideration for servicing. On the material then available, the appellant did not establish a strong prima facie case for full waiver of pre-deposit. Questions of limitation and penalty were left for fuller examination at final hearing. Partial conditional waiver of the balance pre-deposit and interim stay were granted subject to deposit of the amount directed. Case-Laws Service Tax Thu, 30 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262880