https://www.taxtmi.com/caselaws?id=256192 The Tribunal granted a stay on the service tax demand and penalties in favor of the applicant in a case concerning the interpretation of a lease agreement for service tax liability under the "Supply of tangible goods" category. The Tribunal found that the applicant had operational control of the aircraft as per the agreement, contrary to the adjudicating authority's view. It noted the applicant's responsibility for maintenance, except for engine replacement, and considered the legal aspects of the transaction, ultimately ruling in favor of the applicant and waiving the pre-deposit requirement until the appeal's final disposal. en-us Mon, 13 Oct 2014 00:00:00 +0530 Thu, 05 Feb 2015 06:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256192 The Tribunal granted a stay on the service tax demand and penalties in favor of the applicant in a case concerning the interpretation of a lease agreement for service tax liability under the "Supply of tangible goods" category. The Tribunal found that the applicant had operational control of the aircraft as per the agreement, contrary to the adjudicating authority's view. It noted the applicant's responsibility for maintenance, except for engine replacement, and considered the legal aspects of the transaction, ultimately ruling in favor of the applicant and waiving the pre-deposit requirement until the appeal's final disposal. Case-Laws Service Tax Mon, 13 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256192