https://www.taxtmi.com/caselaws?id=359296 The tribunal held that surrender charges under ULIP services are not taxable as they are penalties or liquidated damages, not related to investment management services. The demand was deemed time-barred, as surrender charges were disclosed and not considered suppression. Precedents and circulars supported this view, distinguishing surrender charges from taxable services. The appeal was allowed, setting aside the order and granting consequential reliefs. en-us Tue, 10 Apr 2018 00:00:00 +0530 Thu, 10 Jan 2019 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359296 The tribunal held that surrender charges under ULIP services are not taxable as they are penalties or liquidated damages, not related to investment management services. The demand was deemed time-barred, as surrender charges were disclosed and not considered suppression. Precedents and circulars supported this view, distinguishing surrender charges from taxable services. The appeal was allowed, setting aside the order and granting consequential reliefs. Case-Laws Service Tax Tue, 10 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359296