2024 (8) TMI 98 - SCH - Service Tax

Non payment of service tax - Banking and other financial services - foreclosure charges - penal charges - insurance administration fees - period from 01.07.2003 to 30.03.2008 - Invocation of extended period of limitation - suppression of facts or not - interest - penalty - the CESTAT set aside the demand and allowd the appeal. HELD THAT - There are no reason to interfere with the judgment of the Customs Excise Service Tax Appellate Tribunal - appeal dismissed.

Summary

Issues:
- Delay condonation
- Upholding the judgment of the Customs, Excise & Service Tax Appellate Tribunal
- Dismissal of Civil Appeals

Delay Condonation:
The Supreme Court first condoned the delay in the case. The order stated that the Court had heard the learned Counsel for both parties. The delay condonation was a procedural step taken before moving on to the substantive issues in the case.

Upholding Tribunal's Judgment:
The Court then proceeded to address the main issue of whether to interfere with the judgment of the Customs, Excise & Service Tax Appellate Tribunal. The Supreme Court decided not to interfere with the Tribunal's judgment dated 20-04-2023 in Service Tax Appeal Nos. 881/2008 and 1915/2010. By upholding the Tribunal's decision, the Court affirmed the findings and conclusions reached by the Tribunal in those appeal cases.

Dismissal of Civil Appeals:
Consequently, the Supreme Court dismissed the Civil Appeals in line with its decision not to interfere with the Tribunal's judgment. The dismissal of the appeals indicated that the Court found no grounds to overturn the Tribunal's decision and, therefore, upheld the outcome of the lower court's ruling.