TMI BlogService Tax Liability Dispute on Foreign Finance Services Resolved; IFC Act 1958 Grants Immunity to IFC Transactions.Liability of service tax - services availed for mobilizing finance by using services of foreign company - the IFC Act 1958 clearly provides for immunity of all transactions and operations of IFC - tax liability do not sustain. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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