https://www.taxtmi.com/highlights?id=71016 Rejection of refund claim - amount paid under protest - tax has been included in the gross amount collected as insurance premium or not - The computation of premium is a complicated exercise involving several aspects and factors as well estimation of probability; it is, therefore, not possible to conclusively conclude that inclusion of tax liability would have altered the premium payable for the service. A normal commercial transaction cannot be equated with insurance service and the extent to which the premium represents consideration for insurance cover. - AT en-us Fri, 21 Jul 2023 08:24:50 +0530 Fri, 21 Jul 2023 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71016 Rejection of refund claim - amount paid under protest - tax has been included in the gross amount collected as insurance premium or not - The computation of premium is a complicated exercise involving several aspects and factors as well estimation of probability; it is, therefore, not possible to conclusively conclude that inclusion of tax liability would have altered the premium payable for the service. A normal commercial transaction cannot be equated with insurance service and the extent to which the premium represents consideration for insurance cover. - AT Highlights Service Tax Fri, 21 Jul 2023 08:24:50 +0530 https://www.taxtmi.com/highlights?id=71016