https://www.taxtmi.com/caselaws?id=268240 The Tribunal held that the Arrangement Fee and Agent's Bank Fee were taxable under Banking and Financial Services. The services were deemed received in India, justifying the imposition of service tax. The extended limitation period was upheld, and penalties under Sections 76 and 78 were deemed valid due to the appellant's failure to disclose relevant information. The plea for waiver of penalties under Section 80 was rejected. A demand of Rs. 5,22,35,092/- was confirmed for the period from 18.04.2006 onwards, along with interest and penalties. en-us Wed, 04 Nov 2015 00:00:00 +0530 Sat, 14 May 2016 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268240 The Tribunal held that the Arrangement Fee and Agent's Bank Fee were taxable under Banking and Financial Services. The services were deemed received in India, justifying the imposition of service tax. The extended limitation period was upheld, and penalties under Sections 76 and 78 were deemed valid due to the appellant's failure to disclose relevant information. The plea for waiver of penalties under Section 80 was rejected. A demand of Rs. 5,22,35,092/- was confirmed for the period from 18.04.2006 onwards, along with interest and penalties. Case-Laws Service Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268240