Revenue Can't Reverse Stance on Service Tax for ULIP Charges Due to Binding Board's Circular.

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....Levy of service tax - Investment or Management Service under ULIP - Policy Administration Charges - Front End Load - Switching Charges - amount collected by the appellant – Revenue cannot be permitted to be taken u-turn in the light of the Board’s Circular. Further, Board circular are binding on the officers of the Revenue Department. - AT....