9911796707
TMI Blog2016 (2) TMI 369X X X X Extracts X X X X X X X X Extracts X X X X ..... office address or any other details in respect of the applicants seeking financial assistance from various banks and in respect of which these banks sought such verification - Held that:- verification of correctness, fairness and authenticity of information furnished by those seeking loan from Bank would not be classifiable under BAS - Demand set aside - Decided in favor of assessee. X X X X Extracts X X X X X X X X Extracts X X X X ..... pplicants seeking financial assistance from various banks and in respect of which these banks sought such verification. Thus, the only service rendered was to verify the particulars of the various applicants who sought any service from the banks and such service was covered under Business Support Service (BSS) which came into effect from 01.06.2006 and it has been paying service tax thereunder sin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... marketing the service of the banks and hence would not be covered under BAS as defined under Section 65(19) of the Finance Act, 1994. Any elaborate discussion on this issue is obviated by the fact that the issue involved has been settled by CESTAT in the case of Rakesh Porwal & Associates (supra) wherein it was held as under: "3. After hearing the ld. DR, we find that there is no dispute ab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... We accordingly set aside the impugned order and allow the appeal with consequential relief to the appellant". Indeed similar view was held by CESTAT in the case of S. R. Kalyanakrishan (supra) where it was observed that verification of correctness, fairness and authenticity of information furnished by those seeking loan from Bank would not be classifiable under BAS. In the light of the fore ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
