https://www.taxtmi.com/caselaws?id=256525 The Appellate Tribunal CESTAT Chennai ruled that interest income of a bank cannot be taxed under the Finance Act, 1994 unless consolidated service charges are included. The Tribunal also held that hypothecation amounts received by a bank are not liable to service tax under specific provisions of the Act. The appeal was allowed based on the finding that interest income is not taxable unless service charges are included, as per the Act's provisions. en-us Wed, 28 Jan 2015 00:00:00 +0530 Sun, 15 Feb 2015 11:02:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256525 The Appellate Tribunal CESTAT Chennai ruled that interest income of a bank cannot be taxed under the Finance Act, 1994 unless consolidated service charges are included. The Tribunal also held that hypothecation amounts received by a bank are not liable to service tax under specific provisions of the Act. The appeal was allowed based on the finding that interest income is not taxable unless service charges are included, as per the Act's provisions. Case-Laws Service Tax Wed, 28 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256525