TMI Blog2014 (8) TMI 985X X X X Extracts X X X X X X X X Extracts X X X X ..... s) as the agent of the RBI and thus entitled to exemptions clearly confined to the RBI (under Notification No. 22/2006-S.T.), is an interpretation that warrants deeper analysis and possible reconsideration. - Matter places before President, for appropriate administrative orders as to constitution of a Larger Bench for consideration of following question:- Whether qua Notification No. 22/2006- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of this Tribunal in M/s. Canara Bank v. CST, Bangalore - 2012-TIOL-790-CESTAT-AHM = 2012 (28) S.T.R. 369 (Tri.), interpreted provisions of Notification No. 22/2006-S.T., dated 31-5-2006 as extending the benefits of the exemptions enumerated therein, to Banking or other Financial services provided by the appellant therein as well, insofar as such appellant had rendered taxable services in respect o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ax leviable thereon under section 66 of the said Finance Act, namely : - (i) taxable services provided or to be provided to any person, by the Reserve Bank of India; (ii) taxable services provided or to be provided by any person, to the Reserve Bank of India when the Service Tax for such services is liable to be paid by the Reserve Bank of India under sub-section (2) of section 68 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... business) as the agent of the RBI and thus entitled to exemptions clearly confined to the RBI (under Notification No. 22/2006-S.T.), is an interpretation that warrants deeper analysis and possible reconsideration. We are conscious that we are a Division Bench and therefore, a co-ordinate bench qua the judgment in M/s. Canara Bank. We are however satisfied that the issue calls for deeper analysis a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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