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TMI Blog2023 (9) TMI 922X X X X Extracts X X X X X X X X Extracts X X X X ..... vices to M/s Institute of Chartered Financial Analysts of India (ICFAI) - HELD THAT:- It has been held time and again that ICFAI is not an Educational Institution and is held to be a commercial training or coaching centre - reliance placed in the case of M/S. THE INSTITUTE OF CHARTERED FINANCIAL ANALYSTS OF INDIA, HYDERABAD (ICFAI) VERSUS CC CE, HYDERABAD [ 2013 (6) TMI 446 - CESTAT BANGALORE] . ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d for consideration occurring in the text of the explanation. From the above decision of the Bangalore Tribunal, it is clear that ICFAI has not been considered as an Educational Institution granting degrees recognised by UGC. Therefore, in the present case, the appellant claim that they have rendered services to Educational Institution cannot be accepted. The appeal is dismissed. - MR. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the issue on the ground that ICFAI was an Educational Institution and they were exempted from payment of Service Tax. 2. On appeal, the Commissioner (Appeals) noted that the appellant has paid the Service Tax in respect of AMPL along with interest and in respect of services rendered to ICFAI, the issue is as to whether ICFAI is an Educational Institution or not and the same is subject to vario ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e case law of ICFAI, Hyderabad Vs CCE, Hyderabad [2013 (6) TMI 446 CESTAT- Bangalore ]. In this case, the issue is as to whether the ICFAI was eligible for exemption from Service Tax for the fee collected from their students. ICFAI was claiming that since they were providing education to the students they were eligible to get the exemption for service tax. The Tribunal after going through the fac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... abroad cannot mean recognition thereof by Indian law. Thus a conspectus of facts presented to us would clearly disclose the real character of the assessees activity training or coaching for a consideration. 5. From the above decision of the Bangalore Tribunal, it is clear that ICFAI has not been considered as an Educational Institution granting degrees recognised by UGC. Therefore, in the pres ..... X X X X Extracts X X X X X X X X Extracts X X X X
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