https://www.taxtmi.com/caselaws?id=235661 The Tribunal ruled in favor of the appellant, determining that the private placement of unlisted shares by a stock-broking service provider did not constitute management consultancy services but rather fell under merchant banking services. The department's classification of the activity as management consultancy service was deemed incorrect. The Tribunal highlighted a violation of natural justice in the classification process and set aside the impugned order, allowing the appeal with appropriate relief in accordance with the law. en-us Tue, 07 May 2013 00:00:00 +0530 Wed, 10 Sep 2014 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235661 The Tribunal ruled in favor of the appellant, determining that the private placement of unlisted shares by a stock-broking service provider did not constitute management consultancy services but rather fell under merchant banking services. The department's classification of the activity as management consultancy service was deemed incorrect. The Tribunal highlighted a violation of natural justice in the classification process and set aside the impugned order, allowing the appeal with appropriate relief in accordance with the law. Case-Laws Service Tax Tue, 07 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235661