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TMI Blog2012 (11) TMI 368X X X X Extracts X X X X X X X X Extracts X X X X ..... overed under ‘Commercial Training' for the purpose of levy of Service and extended period of limitation is not invokable. Held that:- Pre-deposit of the entire amount of service tax along with interest has been waived during the pendency of the appeal - in favour of assessee. - ST/684/11-Mum - S/803/2012/CSTB/C-II - Dated:- 16-5-2012 - Ashok Jindal, P R Chandrasekharan, JJ. For Appellant: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... banking sector into meaningful training programmes at the level of individual bank and help the implementation of those policies by creating a climate of intellectual appreciation and emotional dedication". Research, Training and Consultancy are the three major activities of the Institute. Publication of books and journals is also integrated to its objectives. NIBM is recognized by the University ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ant are not covered under Commercial Training' for the purpose of levy of Service Tax vide letter dated 7.12.2006. 4. On the other hand, the learned A.R. strongly opposed the contention of the learned Consultant and submitted that the activity undertaken by the applicant is a taxable service therefore, they are liable to pay service tax and extended period has already been invoked in the above ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NIBM would not come under the scope of Commercial Training' for the purpose of levy of service tax." 6.1 We have also seen that the applicant has sought the Board's clarification also and the same was clarified in the year 2005, therefore, the activity undertaken by the applicant was well within the knowledge of the department. Therefore, the extended period of limitation is not invokable in t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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