https://www.taxtmi.com/caselaws?id=332850 The appeal by the Revenue against the liability of the respondent for service tax on income from leasing machines categorized as "banking and financial services" was dismissed by the Tribunal. The Tribunal found that the leasing activity did not meet the criteria of financial leasing services as defined under the Finance Act, 1994. It was established that the respondent, as a body corporate engaged in manufacturing activities, did not fall under the definition of a banking company or financial institution for service tax purposes. The decision of the Commissioner (Appeals) was upheld, and the appeal was dismissed on 30.08.2016. en-us Tue, 30 Aug 2016 00:00:00 +0530 Tue, 29 Aug 2017 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332850 The appeal by the Revenue against the liability of the respondent for service tax on income from leasing machines categorized as "banking and financial services" was dismissed by the Tribunal. The Tribunal found that the leasing activity did not meet the criteria of financial leasing services as defined under the Finance Act, 1994. It was established that the respondent, as a body corporate engaged in manufacturing activities, did not fall under the definition of a banking company or financial institution for service tax purposes. The decision of the Commissioner (Appeals) was upheld, and the appeal was dismissed on 30.08.2016. Case-Laws Service Tax Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332850