https://www.taxtmi.com/caselaws?id=797438 Services connected with membership of a holiday scheme were treated as part of a collective investment scheme after the securities regulator determined the arrangement to be an investment scheme. On that basis, service tax was not payable by members on services availed from the company. The service-tax demand and associated penalties were unsustainable. en-us Fri, 21 Aug 2026 00:00:00 +0530 Sat, 22 Aug 2026 10:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797438 Services connected with membership of a holiday scheme were treated as part of a collective investment scheme after the securities regulator determined the arrangement to be an investment scheme. On that basis, service tax was not payable by members on services availed from the company. The service-tax demand and associated penalties were unsustainable. Case-Laws Service Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797438