https://www.taxtmi.com/caselaws?id=369681 The Tribunal ruled in favor of the appellant, a manufacturing company, in a dispute over service tax on fees related to an ECB loan. The appellant argued that the banks facilitating the loan should be liable for the service tax, not them. The Tribunal agreed, citing conflicting views within the Tribunal and legal precedents, and held that the extended period of limitation could not be invoked as there was no fraud or willful misstatement. The impugned order was not sustained based on limitation alone, emphasizing the importance of clarity in tax liability and genuine belief in tax compliance. en-us Fri, 12 Oct 2018 00:00:00 +0530 Thu, 01 Nov 2018 13:53:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369681 The Tribunal ruled in favor of the appellant, a manufacturing company, in a dispute over service tax on fees related to an ECB loan. The appellant argued that the banks facilitating the loan should be liable for the service tax, not them. The Tribunal agreed, citing conflicting views within the Tribunal and legal precedents, and held that the extended period of limitation could not be invoked as there was no fraud or willful misstatement. The impugned order was not sustained based on limitation alone, emphasizing the importance of clarity in tax liability and genuine belief in tax compliance. Case-Laws Service Tax Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369681