2015 (12) TMI 748

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....i R. Gurunathan, Authorised Representative, for the Respondent. ORDER [Order per : Justice G. Raghuram, President]. - The impugned adjudication order dated 31-3-2013 confirms total service tax demand of Rs. 11,80,28,886/- comprising inter alia service tax demand on amount collected by the appellant towards administrative charges, death relief fee, reimbursement of expenses from LIC, Bajaj Allian....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....x demand on the amounts collected by the appellant towards administrative charges, death relief fee and reimbursement of expenses, from its borrowers/customers comes to Rs. 10,67,45,026/-. These amounts were collected by the appellant from its borrowers towards administrative expenses in relation to insurance policies taken out in favour of borrowers, either to cover borrowers' health or their lif....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... services and service it is engaged in lending money to borrowers. However assisting borrowers to obtain life and health risk coverage even though appellant may have an incentive for doing this, by way of covering the risk it incurs in lending to small borrowers and whose life and health are a matter of economic concern for the appellant, this activity does not fall within any of the integers of t....