https://www.taxtmi.com/caselaws?id=172529 The Tribunal ruled in favor of Union Bank of India in its appeal against the confirmed service tax demand related to payment and receiving money on behalf of the government, citing precedent that such activities do not fall under Banking and Financial services and are exempt from service tax. The Tribunal set aside the service tax demand and did not impose any penalty under Section 76 of the Finance Act, 1994. This decision emphasizes the importance of legal precedents in tax matters and consistent interpretation of laws across similar cases. en-us Thu, 08 Nov 2012 00:00:00 +0530 Tue, 12 Jan 2016 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172529 The Tribunal ruled in favor of Union Bank of India in its appeal against the confirmed service tax demand related to payment and receiving money on behalf of the government, citing precedent that such activities do not fall under Banking and Financial services and are exempt from service tax. The Tribunal set aside the service tax demand and did not impose any penalty under Section 76 of the Finance Act, 1994. This decision emphasizes the importance of legal precedents in tax matters and consistent interpretation of laws across similar cases. Case-Laws Service Tax Thu, 08 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172529