https://www.taxtmi.com/caselaws?id=351123 The Tribunal ruled in favor of the appellant-assessee in two appeals concerning tax liability under "Business Auxiliary Service." It held that the appellant-assessee's activities did not constitute auxiliary services directly supporting the main services of the Trust/SPV or ICICI bank. The Tribunal emphasized that the appellant-assessee acted as a principal in the transactions, not a collection agent, and that their accounting methods were legitimate. Consequently, the Tribunal dismissed the Revenue's appeal and granted relief to the appellant-assessee in both cases. en-us Thu, 16 Nov 2017 00:00:00 +0530 Fri, 27 Apr 2018 15:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351123 The Tribunal ruled in favor of the appellant-assessee in two appeals concerning tax liability under "Business Auxiliary Service." It held that the appellant-assessee's activities did not constitute auxiliary services directly supporting the main services of the Trust/SPV or ICICI bank. The Tribunal emphasized that the appellant-assessee acted as a principal in the transactions, not a collection agent, and that their accounting methods were legitimate. Consequently, the Tribunal dismissed the Revenue's appeal and granted relief to the appellant-assessee in both cases. Case-Laws Service Tax Thu, 16 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351123