https://www.taxtmi.com/caselaws?id=791062 An incorporated cooperative society providing lending and deposit-related services exclusively to its members was treated as outside the service tax net for the relevant period under the principle of mutuality. The Tribunal followed the view that such a society is an incorporated entity and that member-only services, in the statutory context using the expressions "body of persons" and "person," did not amount to taxable service under Banking and Other Financial Services. It also relied on an earlier batch decision involving similar cooperative societies. The impugned tax demand, confirmation of tax, and penalties were unsustainable, and the order was set aside with consequential relief. en-us Wed, 07 Jan 2026 00:00:00 +0530 Wed, 06 May 2026 08:32:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791062 An incorporated cooperative society providing lending and deposit-related services exclusively to its members was treated as outside the service tax net for the relevant period under the principle of mutuality. The Tribunal followed the view that such a society is an incorporated entity and that member-only services, in the statutory context using the expressions "body of persons" and "person," did not amount to taxable service under Banking and Other Financial Services. It also relied on an earlier batch decision involving similar cooperative societies. The impugned tax demand, confirmation of tax, and penalties were unsustainable, and the order was set aside with consequential relief. Case-Laws Service Tax Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791062