https://www.taxtmi.com/caselaws?id=351454 The appellate tribunal upheld the original authority's decision, ruling that the "Fleet Card Income" charges were taxable under Credit Card Services, not exempt as interest on loans. The Revenue's appeal was allowed, setting aside the Commissioner (Appeals) decision in favor of the appellant-assessee. The tribunal dismissed the penalties and extended period demands, emphasizing the lack of willful suppression or misstatement. Ultimately, the decision favored the Revenue, confirming tax liability on the disputed income under Credit Card Services due to the non-loan nature of the transactions. en-us Thu, 14 Sep 2017 00:00:00 +0530 Wed, 27 Jun 2018 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351454 The appellate tribunal upheld the original authority's decision, ruling that the "Fleet Card Income" charges were taxable under Credit Card Services, not exempt as interest on loans. The Revenue's appeal was allowed, setting aside the Commissioner (Appeals) decision in favor of the appellant-assessee. The tribunal dismissed the penalties and extended period demands, emphasizing the lack of willful suppression or misstatement. Ultimately, the decision favored the Revenue, confirming tax liability on the disputed income under Credit Card Services due to the non-loan nature of the transactions. Case-Laws Service Tax Thu, 14 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351454