Supreme Court · 2017 INSC 588 · Decided 4 July 2017
Union of India & ORS. v. M/S. Margadarshi Chit Funds (P) LTD. ETC.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 588 · [2017] 7 S.C.R. 375
- Case number
- CIVIL APPEAL No. 5724/2011
- Decided
- 4 July 2017
- Bench
- A.K. SIKRI, R.K. AGRAWAL (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
375 UNION OF INDIA & ORS. v. MIS. MARGADARSHI CHIT FUNDS (P) LTD. ETC. (Civil Appeal Nos. 5724-5725 of 2011) JULY04,2017 (A. K. SIKRI AND R. K. AGRAWAL, JJ.j Service Tax - Historical background of service tax on banking and other financial services - Discussed. A B Finance Act, 1974 - means cash management or fund management and therefore fall within the definition of banking and other financial services in terms of s. 65(12)(a)(v) - Held: Jn common parlance as D well as in banking field, cash management is understood as managing the surplus cash of a person or a company -
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