https://www.taxtmi.com/caselaws?id=308721 The Tribunal ruled in favor of M/s.S.K.M. Egg Products Export (India) Limited, holding that the foreign bank charges deducted by the State Bank of India were not taxable under the "Banking and other Financial Service." The appellants had no direct dealings with the foreign bank, and services were provided solely to SBI. The decision was based on previous tribunal rulings on similar issues, resulting in the appeal being allowed with consequential relief. As the main issue was resolved in favor of the appellants, the discussion on the extended period and penalties was deemed unnecessary. en-us Fri, 31 Mar 2023 00:00:00 +0530 Sat, 15 Jul 2023 07:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308721 The Tribunal ruled in favor of M/s.S.K.M. Egg Products Export (India) Limited, holding that the foreign bank charges deducted by the State Bank of India were not taxable under the "Banking and other Financial Service." The appellants had no direct dealings with the foreign bank, and services were provided solely to SBI. The decision was based on previous tribunal rulings on similar issues, resulting in the appeal being allowed with consequential relief. As the main issue was resolved in favor of the appellants, the discussion on the extended period and penalties was deemed unnecessary. Case-Laws Service Tax Fri, 31 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308721