2015 (8) TMI 159

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..... not fall within the expression 'business auxilliary services' - High Court in [2004 (9) TMI 604 - ANDHRA PRADESH HIGH COURT] has set aside the circular on the ground that it amounts to foreclosing discretion or judgment that may be exercised by the quasi judicial authority while deciding a particular lis under particular circumstances. Held that:- The High Court referred to the proviso to Sec .....

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..... on 66 of the Finance Act, 1994. Thereafter, circular dated 05.11.2003 was issued in which it is stated that having regard to some doubts that had arisen regarding application of service tax on the activity of mutual fund distribution, it was clarified that the commission received by distributors on mutual fund distribution would be liable to service tax as it would not fall within the expression & .....

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