https://www.taxtmi.com/caselaws?id=441494 The Tribunal held that penal interest and bounce charges collected by the appellants are not subject to service tax under Section 66E(e) of the Finance Act, 1994. The charges were deemed to be compensation for breach of contract or penalties, not consideration for tolerating an act. The appeals by the appellants were allowed, and the previous order was overturned. en-us Mon, 07 Aug 2023 00:00:00 +0530 Tue, 08 Aug 2023 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441494 The Tribunal held that penal interest and bounce charges collected by the appellants are not subject to service tax under Section 66E(e) of the Finance Act, 1994. The charges were deemed to be compensation for breach of contract or penalties, not consideration for tolerating an act. The appeals by the appellants were allowed, and the previous order was overturned. Case-Laws Service Tax Mon, 07 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441494