https://www.taxtmi.com/caselaws?id=769477 CESTAT Allahabad held that the appellant was eligible for service tax exemption under entry 29(g) of Notification No.25/2012 for services provided as business correspondent to banking companies in rural branches. The tribunal found no short payment of service tax on services to Rajcomp Info Services Ltd. Extended limitation period was not invokable due to appellant's bona fide belief in exemption eligibility. Penalties under Sections 78 and 77(1)(d) and late fee under Rule 7C were set aside, while penalty under Section 77(2) for non-filing returns was upheld at Rs.10,000. The appeal was disposed of with most demands being set aside. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769477 CESTAT Allahabad held that the appellant was eligible for service tax exemption under entry 29(g) of Notification No.25/2012 for services provided as business correspondent to banking companies in rural branches. The tribunal found no short payment of service tax on services to Rajcomp Info Services Ltd. Extended limitation period was not invokable due to appellant's bona fide belief in exemption eligibility. Penalties under Sections 78 and 77(1)(d) and late fee under Rule 7C were set aside, while penalty under Section 77(2) for non-filing returns was upheld at Rs.10,000. The appeal was disposed of with most demands being set aside. Case-Laws Service Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769477