https://www.taxtmi.com/caselaws?id=163505 The Tribunal ruled in favor of the appellants, manufacturers of aerated waters, in a case concerning the imposition of service tax on charges labeled as "transferring of right to use" on glass bottles and crates. The Tribunal found merit in the appellants' arguments that they were not engaged in providing financial services and that the crates and bottles did not qualify as "equipments" for leasing services. Consequently, the Tribunal granted a waiver of pre-deposit and stay of recovery regarding the tax amounts and penalties imposed under the Finance Act, 1994 for the year 2004. en-us Mon, 11 Dec 2006 00:00:00 +0530 Thu, 03 Apr 2014 16:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163505 The Tribunal ruled in favor of the appellants, manufacturers of aerated waters, in a case concerning the imposition of service tax on charges labeled as "transferring of right to use" on glass bottles and crates. The Tribunal found merit in the appellants' arguments that they were not engaged in providing financial services and that the crates and bottles did not qualify as "equipments" for leasing services. Consequently, the Tribunal granted a waiver of pre-deposit and stay of recovery regarding the tax amounts and penalties imposed under the Finance Act, 1994 for the year 2004. Case-Laws Service Tax Mon, 11 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163505