2021 (8) TMI 637

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....Shri Abhishek Jaju, Advocate for the appellant Shri Pradeep Gupta, Authorised Representative for the respondent ORDER Heard the parties. 2. The appellant is a banking company providing service under the category of 'Banking and other Financial Service' among others. 3. In the course of audit for the period April, 2008 to September, 2011 it was observed that appellant had taken cenva....

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....ere have been suppression of facts on the part of the appellant and accordingly the show cause notice dated 23.10.2013 was issued, invoking the extended period of limitation under the proviso to Section 73(1) of the Finance Act. 4. The show cause notice was adjudicated on contest. The proposed demand was confirmed alongwith equal amount of penalty with interest. 5. Being aggrieved, the appel....

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....s not chargeable to service tax, it cannot be said that giving of loan is exempt service. It is further urged that admittedly appellant have maintained proper books of accounts and statutory registers, and further they have filed their returns with the Department regularly. Further, there is no allegation in the show cause notice that the appellant have not filed the return properly and /or there ....