https://www.taxtmi.com/caselaws?id=782229 Services performed by scheduled banks as statutory agents of the Reserve Bank of India for treasury functions were treated as attributable to the Reserve Bank of India, and the commission earned for those activities was held covered by the exemption notification under the Finance Act, 1994. On that basis, the service tax demand could not be sustained, as the relevant services were provided to or by the Reserve Bank of India within the exemption framework. The impugned order was set aside and relief followed for the assessee. en-us Mon, 10 Nov 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782229 Services performed by scheduled banks as statutory agents of the Reserve Bank of India for treasury functions were treated as attributable to the Reserve Bank of India, and the commission earned for those activities was held covered by the exemption notification under the Finance Act, 1994. On that basis, the service tax demand could not be sustained, as the relevant services were provided to or by the Reserve Bank of India within the exemption framework. The impugned order was set aside and relief followed for the assessee. Case-Laws Service Tax Mon, 10 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782229