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    <description>Services rendered in relation to chit fund business were treated as outside the relevant service tax entry after the Supreme Court conclusively held that chit fund services were not taxable even after amendment. The Tribunal followed that binding ruling, treated the contrary High Court view as erroneous, and held that the service tax demand and penalties could not survive. The demands were therefore unsustainable, with consequential relief granted to the assessees.</description>
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      <description>Services rendered in relation to chit fund business were treated as outside the relevant service tax entry after the Supreme Court conclusively held that chit fund services were not taxable even after amendment. The Tribunal followed that binding ruling, treated the contrary High Court view as erroneous, and held that the service tax demand and penalties could not survive. The demands were therefore unsustainable, with consequential relief granted to the assessees.</description>
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