https://www.taxtmi.com/caselaws?id=233366 The court ruled in favor of the petitioner, an association of chit fund companies, in a case concerning the taxability of services related to conducting a chit business under section 65B(44) of the Finance Act, 1994. The court held that the services provided by the foreman in a chit business, involving transactions in money, do not constitute taxable services under the Act. Additionally, the court quashed Notification No. 26/2012-ST, which subjected chit fund services to partial exemption, deeming it inconsistent with statutory provisions. The writ petition was allowed with no order as to costs. en-us Tue, 23 Apr 2013 00:00:00 +0530 Tue, 22 Jul 2014 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233366 The court ruled in favor of the petitioner, an association of chit fund companies, in a case concerning the taxability of services related to conducting a chit business under section 65B(44) of the Finance Act, 1994. The court held that the services provided by the foreman in a chit business, involving transactions in money, do not constitute taxable services under the Act. Additionally, the court quashed Notification No. 26/2012-ST, which subjected chit fund services to partial exemption, deeming it inconsistent with statutory provisions. The writ petition was allowed with no order as to costs. Case-Laws Service Tax Tue, 23 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233366