2009 (11) TMI 412

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....ellant. Shri Rajendra Nagar, SDR, for the Respondent. [Order per : B.S.V. Murthy, Member (T)]. - Service Tax of Rs. 5,39,368/- has been demanded for the money transfer undertaken by the appellants during the period April, 2001 to September, 2004 on the ground that transfer of money by the appellants amount to providing courier services. Penalty under various sections of Finance Act, 1994 have al....

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....e money and not delivered the same notes given by the client and the money remained with the appellant as observed by the Commissioner (Appeals), there is no doubt about the physical transfer of money from one branch to another to provide this service. Further, money is a legal tender and therefore even if there is no change, the value remains the same and even if there is no physical transfer, th....