https://www.taxtmi.com/caselaws?id=250760 The Tribunal held that leasing out factory premises by a manufacturer of flexible laminates did not constitute "Banking and Financial Services" under the Finance Act. The lease agreements were deemed to be rent agreements for immovable property rather than financial leases, as they did not meet the criteria outlined in the Act. The department's service tax demand was set aside, and the appeal was allowed in favor of the appellant. en-us Fri, 23 May 2014 00:00:00 +0530 Sat, 17 Jan 2015 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250760 The Tribunal held that leasing out factory premises by a manufacturer of flexible laminates did not constitute "Banking and Financial Services" under the Finance Act. The lease agreements were deemed to be rent agreements for immovable property rather than financial leases, as they did not meet the criteria outlined in the Act. The department's service tax demand was set aside, and the appeal was allowed in favor of the appellant. Case-Laws Service Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250760