https://www.taxtmi.com/caselaws?id=771558 CESTAT AT allowed the appeals in part and set aside several demands. Demands for service tax on cheque-bouncing and foreclosure charges were quashed following Tribunal and SC orders. Lease transactions were held not to be financial leasing and not taxable under BOFS. Demands on import of services under reverse charge (employee equity purchases, legal advisory for FY 2007-08, employee medical reimbursements and services pre-Oct-2007) were set aside for being non-taxable, time-barred or unspecified. Demand of interest and penalties on alleged wrongful CENVAT credit was also dropped for lack of utilization evidence and limitation. Consequential relief granted as per law. en-us Fri, 23 May 2025 00:00:00 +0530 Fri, 03 Oct 2025 12:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771558 CESTAT AT allowed the appeals in part and set aside several demands. Demands for service tax on cheque-bouncing and foreclosure charges were quashed following Tribunal and SC orders. Lease transactions were held not to be financial leasing and not taxable under BOFS. Demands on import of services under reverse charge (employee equity purchases, legal advisory for FY 2007-08, employee medical reimbursements and services pre-Oct-2007) were set aside for being non-taxable, time-barred or unspecified. Demand of interest and penalties on alleged wrongful CENVAT credit was also dropped for lack of utilization evidence and limitation. Consequential relief granted as per law. Case-Laws Service Tax Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771558