https://www.taxtmi.com/caselaws?id=351417 Accepting foreign exchange under a restricted bank arrangement and receiving commission for transmitting customer funds to the bank was treated as facilitation of the bank's business and, therefore, taxable as Business Auxiliary Service on merits. However, the extended period of limitation was not sustainable because the activity was carried out under a franchisee-style contractual arrangement and the record did not show wilful suppression, fraud, or misstatement. Penalties were also set aside on the same basis, leaving the demand sustainable only for the normal period. en-us Wed, 22 Nov 2017 00:00:00 +0530 Fri, 27 Apr 2018 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351417 Accepting foreign exchange under a restricted bank arrangement and receiving commission for transmitting customer funds to the bank was treated as facilitation of the bank's business and, therefore, taxable as Business Auxiliary Service on merits. However, the extended period of limitation was not sustainable because the activity was carried out under a franchisee-style contractual arrangement and the record did not show wilful suppression, fraud, or misstatement. Penalties were also set aside on the same basis, leaving the demand sustainable only for the normal period. Case-Laws Service Tax Wed, 22 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351417