https://www.taxtmi.com/caselaws?id=352285 The Tribunal held that the appellant was not liable to pay service tax for availing foreign services related to FCCB and GDR under banking and financial services. The liabilities were not transferred to the appellant, and service tax liability cannot be inherited or transferred to the newly formed company. Additionally, the confirmation of service tax liabilities under business auxiliary services, advertising services, and internet telephony services was deemed unsustainable as these liabilities were not proposed in the notice. The Tribunal emphasized that the newly formed company could not be held responsible for the service tax liabilities of the parent company without proper legal justification. As a result, the appeal was allowed, and the service tax demands were set aside. en-us Tue, 07 Nov 2017 00:00:00 +0530 Tue, 12 Dec 2017 09:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352285 The Tribunal held that the appellant was not liable to pay service tax for availing foreign services related to FCCB and GDR under banking and financial services. The liabilities were not transferred to the appellant, and service tax liability cannot be inherited or transferred to the newly formed company. Additionally, the confirmation of service tax liabilities under business auxiliary services, advertising services, and internet telephony services was deemed unsustainable as these liabilities were not proposed in the notice. The Tribunal emphasized that the newly formed company could not be held responsible for the service tax liabilities of the parent company without proper legal justification. As a result, the appeal was allowed, and the service tax demands were set aside. Case-Laws Service Tax Tue, 07 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352285