https://www.taxtmi.com/caselaws?id=34714 The Tribunal upheld the tax liability on clearing and forwarding agents for service tax but set aside the penalty imposition, ruling that the assessees were commission-based agents and not engaged in traditional clearing and forwarding operations. The issue of time limitation for serving a notice under Section 73(1)(a) of the Finance Act, 1994 was correctly invoked as the assessees failed to disclose material facts related to service charges. The Commissioner (Appeals) had imposed a penalty, which was overturned by the Tribunal based on the nature of the assessees' activities. en-us Wed, 09 Sep 2009 00:00:00 +0530 Thu, 06 May 2010 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34714 The Tribunal upheld the tax liability on clearing and forwarding agents for service tax but set aside the penalty imposition, ruling that the assessees were commission-based agents and not engaged in traditional clearing and forwarding operations. The issue of time limitation for serving a notice under Section 73(1)(a) of the Finance Act, 1994 was correctly invoked as the assessees failed to disclose material facts related to service charges. The Commissioner (Appeals) had imposed a penalty, which was overturned by the Tribunal based on the nature of the assessees' activities. Case-Laws Service Tax Wed, 09 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34714