https://www.taxtmi.com/caselaws?id=251757 Exemption notifications are to be strictly construed, and Notification No. 22/2006-ST was read as covering only taxable services provided by or to the Reserve Bank of India in the specified situations. An assessee acting as an authorised agent of the Reserve Bank of India was found, prima facie, to have no clear legal basis to claim the same exemption by general agency principles, and no constitutional bar to levy of service tax was shown at this interim stage. On that basis, the operation of the appellate refund order was stayed pending disposal of the appeal, granting the Revenue interim relief. en-us Tue, 26 Aug 2014 00:00:00 +0530 Sat, 04 Jul 2015 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251757 Exemption notifications are to be strictly construed, and Notification No. 22/2006-ST was read as covering only taxable services provided by or to the Reserve Bank of India in the specified situations. An assessee acting as an authorised agent of the Reserve Bank of India was found, prima facie, to have no clear legal basis to claim the same exemption by general agency principles, and no constitutional bar to levy of service tax was shown at this interim stage. On that basis, the operation of the appellate refund order was stayed pending disposal of the appeal, granting the Revenue interim relief. Case-Laws Service Tax Tue, 26 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251757