https://www.taxtmi.com/caselaws?id=373549 Melting scrap in an electric furnace and converting it into castings was treated as manufacture because a new product emerged, and the process was carried out under challans issued under Notification No. 214/86-CE; the major service tax demand and related penalty were therefore set aside. On the commission earned from trading of commodities, the tax demand and interest were upheld because the liability was not disputed and had been paid, but the penalty was deleted since the tax position was unclear during the relevant period and the assessee held a bona fide belief of non-taxability. Partial relief was thus granted. en-us Fri, 16 Nov 2018 00:00:00 +0530 Wed, 16 Jan 2019 09:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373549 Melting scrap in an electric furnace and converting it into castings was treated as manufacture because a new product emerged, and the process was carried out under challans issued under Notification No. 214/86-CE; the major service tax demand and related penalty were therefore set aside. On the commission earned from trading of commodities, the tax demand and interest were upheld because the liability was not disputed and had been paid, but the penalty was deleted since the tax position was unclear during the relevant period and the assessee held a bona fide belief of non-taxability. Partial relief was thus granted. Case-Laws Service Tax Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373549