2014 (10) TMI 418

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....The applicants are providing banking and other financial services. There is a confirmed demand of tax of Rs. 1,47,35,188/- on the activity of safe keeping of gold in its vaults for the period 2011 - 12 and an amount of Rs. 1,28,66,043/- being the service tax payable on the income earned on lending of gold for the period 2011- 12. The adjudicating authority also demanded interest and imposed penalt....