COMMR.OF CUS.CEN.EXC.& SER.TAX vs M/S INST.OF INSURNACE & RISK MANAGEMENT — C.A. No. 5453/2010

Case Summary In Civil Appeal No. 5453 of 2010, the Supreme Court heard arguments between the Commissioner of Customs, Central Excise & Service Tax (appellant) and M/s Institute of Insurance & Risk Management (respondent) on 04/02/2011. The Court set aside the Tribunal's decision that had favored the respondent-assessee, as it was based on an earlier precedent that was itself overruled. The case was remanded to the Tribunal for fresh consideration in light of the amendment to Section 65(105)(zzc) of the Finance Act, 1999 (effective 01/07/2003). No order as to costs was made. This case analysis is maintained by casestatus.in based on publicly available court records.