https://www.taxtmi.com/caselaws?id=417504 The appellate tribunal upheld the impugned order, dismissing the revenue's appeal against the respondent regarding the recovery/deduction of Service Tax from insurance agents. Relying on the interpretation of Section 73A(2) of the Finance Act, 1994, and previous tribunal decisions, the tribunal found in favor of the respondent, citing a similar case involving Bajaj Allianz Life Insurance Co. Ltd. The tribunal concluded that the Service Tax amount deducted by the respondent from agents' commissions did not need to be deposited again, resulting in the revenue's demands being dropped. en-us Thu, 23 Dec 2021 00:00:00 +0530 Tue, 25 Jan 2022 08:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417504 The appellate tribunal upheld the impugned order, dismissing the revenue's appeal against the respondent regarding the recovery/deduction of Service Tax from insurance agents. Relying on the interpretation of Section 73A(2) of the Finance Act, 1994, and previous tribunal decisions, the tribunal found in favor of the respondent, citing a similar case involving Bajaj Allianz Life Insurance Co. Ltd. The tribunal concluded that the Service Tax amount deducted by the respondent from agents' commissions did not need to be deposited again, resulting in the revenue's demands being dropped. Case-Laws Service Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417504