https://www.taxtmi.com/caselaws?id=445936 The Tribunal determined that the appellant's "Bill Discounts" activity did not qualify as taxable under "Banking and Other Financial Services" since the appellant was not a banking or financial entity. Consequently, penalties for the normal period were set aside. The Tribunal also found no suppression of facts by the appellant, rendering the Show Cause Notice for the extended period time-barred. The demand was upheld only for the normal period, and the appeal was partly allowed with potential consequential relief. en-us Tue, 21 Nov 2023 00:00:00 +0530 Thu, 23 Nov 2023 07:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445936 The Tribunal determined that the appellant's "Bill Discounts" activity did not qualify as taxable under "Banking and Other Financial Services" since the appellant was not a banking or financial entity. Consequently, penalties for the normal period were set aside. The Tribunal also found no suppression of facts by the appellant, rendering the Show Cause Notice for the extended period time-barred. The demand was upheld only for the normal period, and the appeal was partly allowed with potential consequential relief. Case-Laws Service Tax Tue, 21 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445936