https://www.taxtmi.com/caselaws?id=756394 The dominant issue was whether service tax could be demanded on foreclosure charges, penal charges and insurance administration fees under "banking and other financial services" for 01.07.2003 to 30.03.2008, including by invoking the extended limitation period on alleged suppression, and whether consequential interest and penalties were sustainable. The SC found no infirmity in the Tribunal's view setting aside the demand and accepted that the prerequisites for extended limitation and consequential liabilities were not made out on the facts and law as appreciated by the Tribunal; the revenue appeal was dismissed and the demand, interest and penalties remained quashed. en-us Mon, 29 Jul 2024 00:00:00 +0530 Mon, 12 Jan 2026 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756394 The dominant issue was whether service tax could be demanded on foreclosure charges, penal charges and insurance administration fees under "banking and other financial services" for 01.07.2003 to 30.03.2008, including by invoking the extended limitation period on alleged suppression, and whether consequential interest and penalties were sustainable. The SC found no infirmity in the Tribunal's view setting aside the demand and accepted that the prerequisites for extended limitation and consequential liabilities were not made out on the facts and law as appreciated by the Tribunal; the revenue appeal was dismissed and the demand, interest and penalties remained quashed. Case-Laws Service Tax Mon, 29 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756394