9911796707
TMI Blog2017 (5) TMI 1649X X X X Extracts X X X X X X X X Extracts X X X X ..... A - Held that:- A reading of the said provision indicates that it is retrospective and it is meant to apply to the Group Insurance Scheme of the members of the Army, Navy and Air Force during the period commencing from 10th September, 2004 to 1st February, 2017. Clearly, therefore, the impugned order passed by Respondent No. 2 cannot be sustained in view of the above statutory provision. The impug ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er 'Life Insurance Service' under sub-section (1) of Section 73 read with Sections 66 and 68 of the Finance Act, 1994. A penalty of the equivalent amount was imposed under Section 78 of the Act apart from a penalty of ₹ 10,000 under Section 77 of the Finance Act, 1994. 3. While directing notice to issue in the present petition on 9th January, 2017, it was directed that no coercive step ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unds by way of life insurance to members of the Army, Navy and Air Force, respectively, under the Group Insurance Schemes of the Central Government, during the period commencing from the 10th day of September, 2004 and ending with the 1st day of February, 2017 (both days inclusive). (2) Refund shall be made of all such service tax which has been collected, but which would not have been so c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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