House Construction Sales Not Taxable as Banking Services, Says Court; Classified as Construction of Complexes Instead.

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....Classification of services - Banking and other Financial Services or not - Since the basic function of the appellant is to construct the houses and then to sell it either by way of allotment or by way of hire purchase against receiving certain amounts whether in form of ASC charges or hire purchase charges, but the activity is specifically the activity of construction of complexes and as such said amount cannot be made liable to tax for rendering service as that of ‘Banking and Financial Services’ - AT....