https://www.taxtmi.com/caselaws?id=269444 The Tribunal ruled in favor of the appellant, granting a waiver of pre-deposit and a stay of further recovery proceedings. The demand for total service tax, disallowance of Cenvat credit on insurance policies, and tax liability on collected amounts were contested successfully. The Tribunal found the demand unsustainable based on a decision of the Karnataka High Court and determined that the services provided did not fall under the definition of 'Banking and Financial Services' as per the Act. en-us Tue, 03 Feb 2015 00:00:00 +0530 Mon, 14 Dec 2015 22:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269444 The Tribunal ruled in favor of the appellant, granting a waiver of pre-deposit and a stay of further recovery proceedings. The demand for total service tax, disallowance of Cenvat credit on insurance policies, and tax liability on collected amounts were contested successfully. The Tribunal found the demand unsustainable based on a decision of the Karnataka High Court and determined that the services provided did not fall under the definition of 'Banking and Financial Services' as per the Act. Case-Laws Service Tax Tue, 03 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269444