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2019 (3) TMI 1391 - AT - Service TaxBanking and other Financial Services or not - charges/amount collected for bill discounting facility - Levy of service tax - Held that:- the consideration received in the present case by way of bill discounting being akin to interest is eligible for exemption - The very same issue was considered by Tribunal in the case of M/s. UCO Bank, Kolkata [2014 (9) TMI 820 - CESTAT KOLKATA] - the demand cannot sustain - appeal allowed - decided in favor of appellant.
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