2008 (7) TMI 147

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Shri P.G. Chacko, Member (J) and P. Karthikeyan, Member (T) Shri V. Alagappan, Consultant, for the Appellant. Dr. Nitish Birdi, SDR, for the Respondent. [Order per : P.G. Chacko, Member (J)]. - After examining the records and hearing both sides, we are of the view that this appeal requires to be finally disposed of at this stage. Accordingly, after dispensing with pre-deposit, we take up ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....covered from the appraisers, nor on the loan granted to the borrowers. It is on the entire amount collected by the appraisers from the banks borrowers and deposited with the bank. The levy is under the category of "Banking and Other Financial Services" defined under Section 65(12) as amended with effect from 10-9-2004. To be more precise, the demand is under sub-clause (viii) of clause (12) of Sec....