https://www.taxtmi.com/caselaws?id=332481 The Tribunal upheld the Commissioner (Appeals)'s decision to set aside the demand for service tax on the assessee under the Business Auxiliary Services category, ruling that the imposition was time-barred as the department was aware of the brokerage collection by the assessee during an audit in December 2005. The Tribunal emphasized that the brokerage receipt was disclosed in the company's published balance sheets, indicating no suppression of facts by the assessee. Citing legal precedents, the Tribunal held that information declared in balance sheets is not considered suppressed, ultimately dismissing the Revenue's appeal on 17/8/2016. en-us Wed, 17 Aug 2016 00:00:00 +0530 Sat, 17 Sep 2016 12:05:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332481 The Tribunal upheld the Commissioner (Appeals)'s decision to set aside the demand for service tax on the assessee under the Business Auxiliary Services category, ruling that the imposition was time-barred as the department was aware of the brokerage collection by the assessee during an audit in December 2005. The Tribunal emphasized that the brokerage receipt was disclosed in the company's published balance sheets, indicating no suppression of facts by the assessee. Citing legal precedents, the Tribunal held that information declared in balance sheets is not considered suppressed, ultimately dismissing the Revenue's appeal on 17/8/2016. Case-Laws Service Tax Wed, 17 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332481