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TMI Blog2018 (3) TMI 352X X X X Extracts X X X X X X X X Extracts X X X X ..... ing Coaching and Training services for the period July, 2003 to September, 2007. The Adjudicating Authority in the show cause notice alleged that the respondents were conducting of commercial training or coaching to the students, after passing the training were accepted as recognized by the Insurance Regulatory Development Authority (IRDA), who permitted them to function as Insurance Agents; is not certificate recognized by any law. The Adjudicating Authority after following due process of law, confirmed the demands raised along with interest and also imposed penalties. Aggrieved by such an order, the appeals are preferred before the First Appellate Authority, who set aside the Orders-in-Original holding that respondent under not to be taxe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issued by them is at the most makes the candidate eligible for writing the examination conducted by IRDA. The lower authority has justified the extended period. He has given a finding that the appellants are duty bound to approach the department and take registration once their service comes into tax net. 8. The Commissioner (Appeals) has stated that the appellants are imparting coaching in Insurance Business to candidates sponsored by various Insurance companies and collecting substantial amounts as fees from these companies. No evidence had been produced by the appellants to prove that the institute is really working on charitable basis except stating that they are exempted from Income Tax Act. In para 9 of the impugned order the Commi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce (h) Financial planning and taxation (i) Insurance salesmanship (j) Computation of premium, bonus (k) Insurance document (l) Life insurance product (m) Options guarantees and riders (n) Group insurance pension plan (o) Health related insurance (p) Obligations of insurer to rural/social sector claim (q) Agency commission structure (r) Personal development (s) Behavioral aspect. 10. A perusal of the syllabus shows that the appellant imparts very comprehensive training for insurance agents. There is also an approval of the institute by the Insurance Regulatory and Development Authority. On going through the nature of the training, it is clear that the said training can be considered as Commercial Training or Coachi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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