2013 (2) TMI 5

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..... financial institution – Received amount from the bank and recorded the same as incentive received – Held that:-Amounts received from the bank/financial institution have been recorded as incentive. Therefore, the claim that it was towards providing office space along with furniture is not substantiated. Prima facie, the applicant has sponsored the services provided by the bank/financial institution .....

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..... o 31-3-2006 from the bank and recorded the same as incentive received, in their balance sheet. They also received a sum of Rs. 19,64,890/- from various customers in respect of services rendered for temporary registration/permanent registration of vehicle with the RTO authorities. 2.2 Show-cause notice was issued proposing to treat these amounts as charges received for rendering Business Auxiliar .....

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..... the same cannot be treated as falling under BAS. 4. Ld. SDR reiterates the findings and reasonings of the Commissioner in his Order-in-Revision. 5. We have carefully considered the submissions made by both sides and perused the records. The amounts received from the bank/financial institution have been recorded in the balance sheet of the appellant-company as incentive received from the said .....

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