https://www.taxtmi.com/caselaws?id=365428 A bank acting as an RBI-appointed agent for Government business was treated as entitled to the same service tax exemption available to RBI because the agency relationship fell within the statutory scheme and the bank acted within the scope of its authority. The reasoning noted that finance law includes an agent within the ambit of an assessee and that RBI is empowered to appoint banks as its agents under the RBI Act. Accordingly, the exemption extended to the bank and the service tax demand could not be sustained. en-us Tue, 14 Aug 2018 00:00:00 +0530 Wed, 28 Oct 2020 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365428 A bank acting as an RBI-appointed agent for Government business was treated as entitled to the same service tax exemption available to RBI because the agency relationship fell within the statutory scheme and the bank acted within the scope of its authority. The reasoning noted that finance law includes an agent within the ambit of an assessee and that RBI is empowered to appoint banks as its agents under the RBI Act. Accordingly, the exemption extended to the bank and the service tax demand could not be sustained. Case-Laws Service Tax Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365428