Service Tax Not Applicable on Brokerage for Public Issue of Equity Shares or Bonds, Confirms Favorable Ruling for Assessee.

Levy of Service Tax - Brokerage/Commission received towards the services relating to public issue of Equity Shares/Bonds - The issue is no longer res-Integra as the identical issue related to the demand on commission received towards public issue of Equity Shares/Bonds has been decided in the favour of the assessee in various Judgments. - AT .....

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