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TMI Blog2011 (4) TMI 1147X X X X Extracts X X X X X X X X Extracts X X X X ..... ehicle dealers, as taxable under the category of “Business Auxiliary Service” - service provided by the assessee would be covered by the definition of “commission agent” and prima facie is classifiable under the category of “Business Auxiliary Service” – Held that:- no prima facie case for total waiver has been made out, directed pre-deposit of Rs. 20,00,000/- (Rupees Twenty lakhs only) towards ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ered for banking and financial services and engaged in the business of financing commercial vehicles, cars, two wheelers etc., from vehicle dealers, as taxable under the category of Business Auxiliary Service . 2. The assessee pays the loan amount, not to the individual borrower, but to the dealers who sell the vehicles to the borrowers and in certain cases borrower negotiates with the assessee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... receive a commission in return, as a consideration. The assesee also makes payment to the dealers for the vehicles. Therefore, prima facie, the service provided by the assessee would be covered by the definition of commission agent and prima facie is classifiable under the category of Business Auxiliary Service . The contention of the assessee that, in order to come under the definition of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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