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TMI Blog2020 (12) TMI 1125X X X X Extracts X X X X X X X X Extracts X X X X ..... LD THAT:- Hon ble Supreme Court of India in UNION OF INDIA AND ORS. VERSUS M/S. MARGADARSHI CHIT FUNDS (P) LTD. ETC [ 2017 (7) TMI 224 - SUPREME COURT ] has held that service tax cannot be levied on the foreman of chit fund business for the period from 15.06.2007 to 14.06.2015. Having regard to the said authoritative pronouncement of the Hon ble Supreme Court of India, which holds the field, it is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Court by the Learned Counsel for the Petitioner that the Hon'ble Supreme Court of India in Union of India -vs- Margadarshi Chit Funds (P) Ltd., [(2017) 13 SCC 806] has held that service tax cannot be levied on the foreman of chit fund business for the period from 15.06.2007 to 14.06.2015 and relevant passages from that decision are extracted below:- "23. ....By the aforesaid amendment, activ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 65 of the Act and particularly sub-clause (v) thereof as amended in 2007." It is submitted that inasmuch as service tax has been levied on the Petitioner from October 2014 to May 2015, which falls during the said period, the impugned order cannot be sustained. 3. Having regard to the said authoritative pronouncement of the Hon'ble Supreme Court of India, which holds the field, it is not ..... X X X X Extracts X X X X X X X X Extracts X X X X
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