https://www.taxtmi.com/caselaws?id=251719 The Tribunal ruled in favor of the appellant, holding that their services were correctly classified as 'Merchant Banking Service' and not 'Management Consultancy Service.' The demand for Service Tax on the appellant's services before August 2002 was deemed invalid as merchant banking activities by 'body corporates' were not liable for tax before that date. The Tribunal also found the demand to be time-barred due to uncertainties in defining management consultancy services and lack of malafide intentions by the appellant. The appeal was allowed, and the stay application was disposed of in favor of the appellant. en-us Thu, 21 Feb 2013 00:00:00 +0530 Thu, 25 Sep 2014 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251719 The Tribunal ruled in favor of the appellant, holding that their services were correctly classified as 'Merchant Banking Service' and not 'Management Consultancy Service.' The demand for Service Tax on the appellant's services before August 2002 was deemed invalid as merchant banking activities by 'body corporates' were not liable for tax before that date. The Tribunal also found the demand to be time-barred due to uncertainties in defining management consultancy services and lack of malafide intentions by the appellant. The appeal was allowed, and the stay application was disposed of in favor of the appellant. Case-Laws Service Tax Thu, 21 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251719