https://www.taxtmi.com/caselaws?id=771181 CESTAT NEW Delhi ruled in favor of the assessee regarding service tax liability on brokerage income and certain client payments/charges. The tribunal held that delayed payment charges (DPC) are penal in nature and not taxable as they do not constitute amounts for rendering services. Following the precedent set in South Eastern Coalfields Limited case, which was affirmed by SC, the tribunal found the issue settled in favor of the assessee. The impugned order was set aside and appeal allowed. en-us Tue, 13 May 2025 00:00:00 +0530 Thu, 22 May 2025 08:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771181 CESTAT NEW Delhi ruled in favor of the assessee regarding service tax liability on brokerage income and certain client payments/charges. The tribunal held that delayed payment charges (DPC) are penal in nature and not taxable as they do not constitute amounts for rendering services. Following the precedent set in South Eastern Coalfields Limited case, which was affirmed by SC, the tribunal found the issue settled in favor of the assessee. The impugned order was set aside and appeal allowed. Case-Laws Service Tax Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771181