A two-judge bench of the Delhi High Court, on Monday agreed to hear a petition filed by 13 banks against the tax department challenging notices imposing 38,000 crore as service tax on minimum balance. Show cause notices were issued to banks demanding tax from the banks for “treating the commitment of customers to maintain minimum average balance (MAB) in […]
The post Delhi High Court admits Petition by Banks challenging Tax on Minimum Balance [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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