Service Tax Demand on SBI for Handling PPF Accounts Set Aside; No Discretion in Fund Management Involved.

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....Banking and Other Financial Services - remuneration received from RBI in relation to PPF management - There is no discretion for the appellant in handling the funds under the PPF accounts and the PPF funds are entirely managed by the Government of India. In such a scenario, there is no question of management of funds lying in the PPF accounts, by the appellants. - Demand of service tax from the SBI set aside - AT....