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“Section 2(1)(d)”

Section References (mined)Section 2Section 2(1)(d)2 judgments

AXIS BANK LIMITED,AHMEDABAD vs. THE ACIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, the assessee's appeal is allowed

ITA 828/AHD/2024[2012-13]Status: DisposedITAT Ahmedabad14 Feb 2025AY 2012-13
For Appellant: \nShri Tushar Hemani, Sr. Advocate & ShriFor Respondent: \nShri R. N. Dsouza, CIT-DR & Shri B.P
Section 2(1)(d)Section 37Section 73A

service tax is to be\nborne by the recipient of service (i.e. Max Life Insurance Company Ltd.) as\nper provision of Section 2(1)(d) of the Finance Act, 1994 under reverse\ncharge mechanism. Therefore, in the instant case, the liability of service tax\nwas on Max Life. However, this ... liability had failed to\ndischarge the onus and therefore the liability was to be borne by the recipient of\nservice. Further as per Section 2(1)(d) of the Financial Act, 1994 as amended,\nliability to pay Service Tax rests upon service tax recipient in the case of Insurance\nAuxiliary

AXIS BANK LIMITED,AHMEDABAD vs. THE ACIT, CIRCLE-1(1)(1), AHMEDABAD

In the result, the assessee's appeal is allowed

ITA 827/AHD/2024[2011-12]Status: DisposedITAT Ahmedabad14 Feb 2025AY 2011-12
For Appellant: \nShri Tushar Hemani, Sr. Advocate & ShriFor Respondent: \nShri R. N. Dsouza, CIT-DR & Shri B.P
Section 2(1)(d)Section 37Section 73A

service tax is to be\nborne by the recipient of service (i.e. Max Life Insurance Company Ltd.) as\nper provision of Section 2(1)(d) of the Finance Act, 1994 under reverse\ncharge mechanism. Therefore, in the instant case, the liability of service tax\nwas on Max Life. However, this ... liability had failed to\ndischarge the onus and therefore the liability was to be borne by the recipient of\nservice. Further as per Section 2(1)(d) of the Financial Act, 1994 as amended,\nliability to pay Service Tax rests upon service tax recipient in the case of Insurance\nAuxiliary