https://www.taxtmi.com/caselaws?id=77912 Cash management services were treated as outside Business Auxiliary Service because they did not involve promotion or marketing of goods or services, and the exclusion of cash management from Banking and Other Financial Services also supported non-taxability under the alternative head. Services rendered for foreign exchange companies were held not taxable as Management Consultancy Service because they consisted of day-to-day business operations, were performed beyond India's territorial waters, and fell outside the scope of consultancy in the legal sense. The Banking and Other Financial Services demand based on miscellaneous income was not finally sustained, as the reconciliation material had not been examined by the adjudicating authority; the matter was therefore remanded for fresh adjudication in accordance with natural justice. en-us Thu, 06 May 2010 00:00:00 +0530 Thu, 22 Dec 2011 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77912 Cash management services were treated as outside Business Auxiliary Service because they did not involve promotion or marketing of goods or services, and the exclusion of cash management from Banking and Other Financial Services also supported non-taxability under the alternative head. Services rendered for foreign exchange companies were held not taxable as Management Consultancy Service because they consisted of day-to-day business operations, were performed beyond India's territorial waters, and fell outside the scope of consultancy in the legal sense. The Banking and Other Financial Services demand based on miscellaneous income was not finally sustained, as the reconciliation material had not been examined by the adjudicating authority; the matter was therefore remanded for fresh adjudication in accordance with natural justice. Case-Laws Service Tax Thu, 06 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77912