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2011 (4) TMI 502 - AT - Service TaxTax liability - Is income from mutual funds is a taxable event under the category of Business Auxiliary Service or not - exempted under Notification No.13/2003-S.T - Assessee engaged in the business of Stock Brokers services and also engaged in providing the services in Banking & Other Financial activities - As per the Principal Bench of this Tribunal, in the case of CST Delhi Vs. P.N. Vijay Financial Services Pvt.Ltd.[2008 -TMI - 31722 - CESTAT, NEW DELHI ],held that the respondent were not liable to pay any service tax for service rendered as commission agent in connection with sale and purchase of units of mutual fund schemes during the relevant period" - Decided in favour of assessee.
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