2008 (9) TMI 125

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..... of tax – appellant contend that they were not aware that the amount received from financial institutions for facilitating the sanction of loan in their premises, is subject to service tax - In view of the fact that service tax has not been disputed and paid and agreeing that there was some confusion about the issue. I find this a fit case for allowing the benefit of Section 80 – penalties are set .....

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..... ting the sanction of loan in their premises, is subject to service tax. They also submitted that the fact that Circular No. 87/06/2006-07 dated 06.11.2006 [reported in 2006 (77) RLT M14] was issued by the CBEC clarifying that amounts received from financial institutions is subject to service tax shows that there was some confusion about taxability of subject amount received from financial institut .....

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