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Since Rule 5(1) of the valuation rule is already struck down, order placing reliance on the same is liable to be set aside.
Facts:
The Appellant collects from their customers the amounts paid by them towards postage charges, courier charges etc. The Revenue is of the opinion that these charges are collected in course of rendering “Banking and Financial Services”.
Held:
Relying on the decision in the case of Intercontinental Consultants & Technocrats P. Ltd. [2013] (29) STR 9 (Del) wherein Rule 5(1) of the Valuation Rule, 2006 had been struck down by the Hon’ble Delhi High Court. The Tribunal held that since the provisions on which reliance has been placed have been struck down, the order is unsustainable and is liable to be set aside.
