9911796707
TMI Blog2017 (5) TMI 960X X X X Extracts X X X X X X X X Extracts X X X X ..... e appellant. Shri Ranjan Khanna, Authorized Representative (DR) - for the Respondent. ORDER Per. B. Ravichandran :- The appeal is against order dated 04/05/2011 of Commissioner (Appeals), Jaipur. The appellants are engaged in providing service as a financial broker by providing arrangement, wherein the lender can loan money to borrower. While providing such arrangement the appellants get certa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x liability against the appellant was not legally sustainable as they have not received any consideration from the money lender and, as such, it cannot be considered that they have promoted their services. 3. The learned AR supported the findings of the lower Authorities and submitted that by acting as a middle man, the appellant did provide facilities to the lender as well as borrower and both o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctivities taxable under BAS. Admittedly, the appellants did provide services, as middle man, which benefited both the lender and the borrower. The arrangement is so, that they did receive commission from the borrower only. It is also a fact that the borrower pays a certain portion of money borrowed, as commission. In such an arrangement, it cannot be disputed that the appellant did not receive tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
