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2018 (6) TMI 657 - AT - Service TaxClub or association service - Demand is raised on the interest received by the appellant association from the bank - Held that:- Such interest cannot be considered as a consideration received for any service rendered by it to its members. It is stated by the appellant that they are not collecting any subscription from the members of the association and the money deposited is a corpus fund in the bank earns interest out of which the association is providing maintenance activities in the farms/estates. The accrued interest received from the bank on an amount deposited cannot be treated as “subscription” - demand do not sustain - appeal allowed - decided in favor of appellant.
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