2015 (12) TMI 748

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.... Advocates, for the Appellant. Shri R. Gurunathan, Authorised Representative, for the Respondent. ORDER [Order per : Justice G. Raghuram, President]. - The impugned adjudication order dated 31-3-2013 confirms total service tax demand of Rs. 11,80,28,886/- comprising inter alia service tax demand on amount collected by the appellant towards administrative charges, death relief fee, reimbur....

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....acie unsustainable. 3. The service tax demand on the amounts collected by the appellant towards administrative charges, death relief fee and reimbursement of expenses, from its borrowers/customers comes to Rs. 10,67,45,026/-. These amounts were collected by the appellant from its borrowers towards administrative expenses in relation to insurance policies taken out in favour of borrowers, e....

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....ngaged in providing Banking and other financial services and service it is engaged in lending money to borrowers. However assisting borrowers to obtain life and health risk coverage even though appellant may have an incentive for doing this, by way of covering the risk it incurs in lending to small borrowers and whose life and health are a matter of economic concern for the appellant, this activit....