https://www.taxtmi.com/caselaws?id=191681 A co-operative bank carrying on deposit-taking, lending and other banking activities was treated as providing taxable banking and financial services under the Finance Act, 1994, because its objects, bye-laws and conduct fell within the wide statutory definitions of taxable service. The court also rejected the constitutional challenge, holding that service tax was within Parliament's residuary legislative competence and was not invalid merely because the assessee was registered as a co-operative society. The levy was therefore upheld and the writ petition failed. en-us Thu, 16 Jun 2016 00:00:00 +0530 Thu, 13 Apr 2017 07:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191681 A co-operative bank carrying on deposit-taking, lending and other banking activities was treated as providing taxable banking and financial services under the Finance Act, 1994, because its objects, bye-laws and conduct fell within the wide statutory definitions of taxable service. The court also rejected the constitutional challenge, holding that service tax was within Parliament's residuary legislative competence and was not invalid merely because the assessee was registered as a co-operative society. The levy was therefore upheld and the writ petition failed. Case-Laws Service Tax Thu, 16 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191681