https://www.taxtmi.com/caselaws?id=250430 A microfinance trust seeking admission of its appeal obtained waiver of pre-deposit and a stay on recovery because the Tribunal, on a prima facie view, was not satisfied that the activity fell within the statutory description of a financial institution under the Reserve Bank of India Act, 1934. The Tribunal also noted that comparable relief had been granted in a similar matter involving another trust. On that basis, it protected the appellant during the pendency of the appeal and waived the pre-deposit requirement for admission. en-us Mon, 27 Jan 2014 00:00:00 +0530 Tue, 12 Aug 2014 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250430 A microfinance trust seeking admission of its appeal obtained waiver of pre-deposit and a stay on recovery because the Tribunal, on a prima facie view, was not satisfied that the activity fell within the statutory description of a financial institution under the Reserve Bank of India Act, 1934. The Tribunal also noted that comparable relief had been granted in a similar matter involving another trust. On that basis, it protected the appellant during the pendency of the appeal and waived the pre-deposit requirement for admission. Case-Laws Service Tax Mon, 27 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250430