2025 (6) TMI 1732

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.... A. K. Batra, Chartered Accountant for the appellant Ms. Jaya Kumari, Authorised Representative for the respondent ORDER BINU TAMTA : 1. The Appellant is a Stock Broker Company and acts as an intermediary between their clients and Stock Exchanges facilitatingbuying and selling of securities. When a client trades, they are liable to pay the stock exchange within the stipulated period, however ....

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.... raising demand of Rs.9,18,13,513/-. On adjudication, the demand of Rs.5,70,31,779/- along with interest and penalty was confirmed, granting benefit of limitation and cum-duty benefit. Hence the present appeal before this Tribunal. 3. Heard both sides and perused the records. 4. The limited issue for consideration in this appeal whether service tax can be demanded on 'Delayed Payment Charges' un....

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....al Director General (Adjudication) New Delhi 2025 (3) TMI 574- CESTAT dated 10-03-2025 v. Commissioner of Central Excise and Service Tax, Central Tax Delhi South Commissionerate Vs. M/s Power Limited 2024 (11) TMI 58 - CESTAT dated 04-11-2024 vi. Hariyana Ship Demolition Pvt Ltd Vs. C.C.E & S.T. - Bhavnagar 2024 (11) TMI 404 - CESTAT dated 07.11.2024 vii. SPFL Securities Ltd 2019 (27) G.S.T.....

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....e Tribunal in South Eastern Coalfields Ltd. 2020 (12) TMI 912 - CESTAT, which has been affirmed by the Apex Court in Commissioner of Central Excise and Service Tax Vs. South Eastern Coalfields Ltd 2023 (8) TMI 606 - SC ORDER. The relevant observations are quoted below : "A service conceived in an agreement where one person, for a consideration, agrees to an obligation to refrain from an act, wou....