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2010 (12) TMI 321 - AT - Service TaxCollection of octroi - Waiver of pre-deposit - It is pertinent to note that an exclusion clause, which was present in the text of the definition of ‘Banking and other Financial Service’ under Section 65(12)was omitted w.e.f. 1-6-2007 - Banking and Other Financial Services - clause read “but does not include cash management - The Hon’ble High Court clarified that, in the absence of any inclusive definition available in the statute, it could not be said that the petitioners would fall within the mischief of the provision - It would, therefore, follow that the absence of exclusion was not reckoned as inclusion - waiver from pre deposit allowed.
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