https://www.taxtmi.com/caselaws?id=203159 The Authority ruled that the proposed leasing of locomotives, coaches, and wagons for a short duration without transferring ownership and without correlation to the equipment's life or cost would not be liable for service tax under the Finance Act, 1994. The ruling is contingent upon the actual transaction aligning with the described activity. The applicant conceded that contracts involving repair and maintenance services or separate contracts for dry lease and repair and maintenance would attract service tax as per the relevant sections of the Act. en-us Fri, 08 Apr 2011 00:00:00 +0530 Thu, 29 Dec 2011 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203159 The Authority ruled that the proposed leasing of locomotives, coaches, and wagons for a short duration without transferring ownership and without correlation to the equipment's life or cost would not be liable for service tax under the Finance Act, 1994. The ruling is contingent upon the actual transaction aligning with the described activity. The applicant conceded that contracts involving repair and maintenance services or separate contracts for dry lease and repair and maintenance would attract service tax as per the relevant sections of the Act. Case-Laws Service Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203159