https://www.taxtmi.com/caselaws?id=267420 The Tribunal upheld the tax liability with interest on the commission received for marketing Auto Loan products from financial institutions but waived penalties. However, the tax liability on the amount received as target incentives was set aside, leading to the waiver of interest and penalties. The appellant's genuine belief that the commissions were not taxable played a significant role in the decision. Overall, the appeal resulted in the maintenance of tax liability with interest on the commission received, waiver of tax demand on target incentives, maintenance of interest liability on upheld tax, and waiver of penalties. en-us Tue, 29 Sep 2015 00:00:00 +0530 Tue, 04 Oct 2016 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267420 The Tribunal upheld the tax liability with interest on the commission received for marketing Auto Loan products from financial institutions but waived penalties. However, the tax liability on the amount received as target incentives was set aside, leading to the waiver of interest and penalties. The appellant's genuine belief that the commissions were not taxable played a significant role in the decision. Overall, the appeal resulted in the maintenance of tax liability with interest on the commission received, waiver of tax demand on target incentives, maintenance of interest liability on upheld tax, and waiver of penalties. Case-Laws Service Tax Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267420