2017 (7) TMI 1203 - HC - Central Excise

Whether, the Tribunal was justified in holding that the applicant is a commercial concern as per section 65(105)(zzb) of the Finance Act, 1944 and is liable to pay service tax for the period from 1.7.2003 to 1.3.2005 of ₹ 36,935/- whereas the appellant was working as an individual, in getting investments in mutual funds on commission basis? Appeal is admitted on this substantial question of law.

Summary

The High Court of Rajasthan admitted an appeal regarding the liability to pay service tax for a period from 1.7.2003 to 1.3.2005. The substantial question of law concerns whether the applicant, who was working as an individual getting investments in mutual funds on a commission basis, can be considered a commercial concern under section 65(105)(zzb) of the Finance Act, 1944. The matter is scheduled for final hearing on 23.8.2017.