Service Tax on Financial Transactions: Debit Notes, Notice Pay, Penalties, and Damages Not Taxable Services.

Levy of service tax - declared service or not - Debit notes raised to offset the excess credit in the ledger account - Notice pay recovery - Cheque return penalty - Liquidated damages - Services of "agrees to an obligation to refrain from an act" or not? - None of the four demands can be sustained - AT .....

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