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2016 (3) TMI 309 - AT - Service TaxLiability of Service Tax - Advisory Services & Consulting Services in relation to Merger & Acquisitions for the period prior 16.07.2001 - Whether these services comes under Management Consultant Services and Banking & other Financial Services - Held that: the services as rendered by the appellant, would not fall under Management consultancy Services, as there services rendered by the appellant may not get covered even as per CBEC Circular dated 26.07.2001. Also by relying on the decisions taken in the case of DSP Merrill Lynch Limited [2016 (2) TMI 221 - CESTAT MUMBAI] and Indian National Shipowners Association [2009 (3) TMI 29 - BOMBAY HIGH COURT], the taxability of Merger & Acquisitions is covered under Banking and Financial Services, w.e.f. 16.07.2001. Therefore, the Service tax liability in the facts of this case is w.e.f. 16.07.2001 only and not prior to that date. - Decided in favour of assessee
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