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2023 (4) TMI 170 - SCH - Service TaxTaxable services or not - providing corporate guarantee to its group companies without consideration - banking and other financial services or not - HELD THAT:- This was a case where the assessee had not received any consideration while providing corporate guarantee to its group companies. No effort was made on behalf of the Revenue to assail the above finding or to demonstrate that issuance of corporate guarantee to group companies without consideration would be a taxable service. In these circumstances, in view of such conclusive finding of both forums, there are no reason to admit this case basing upon the pending Civil Appeal No. 428 @ Diary No.42703/2019, particularly when it has not been demonstrated that the factual matrix of the pending case is identical to the present one. Appeal dismissed.
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