2017 (1) TMI 976

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.... appellant Shri B.K. Iyer, Superintendent (AR) for the respondent Per: M V Ravindran: This appeal No. is directed against Order-in-Appeal No. TKG/21/2011 dated 17/08/2011 passed by the commissioner of Central Excise (Appeals), Mumbai Zone -I. 2. Heard both the sides and perused the records. The issue involved in this case is regarding taxability of the amounts received as commission by....

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....n-taxability of the activity of arranging the issue equity shares through private placements under the category of 'Underwriting but the same is taxable under 'Merchant Banking Service'. It is that submission that there was no intention to evade the tax hence extended period of time cannot be invoked. 3. On perusal of the various case laws and records, we find that the activity of '....