https://www.taxtmi.com/caselaws?id=353981 The Tribunal upheld the Original Authority's decision, dismissing the Revenue's appeals. It found that the respondent's operating leases were correctly classified and taxed as operating leases, not subject to service tax under BOFS. The decision was based on a thorough examination of lease agreements, AS-19, and relevant legal precedents, including the Supreme Court's distinction between financial and operating leases. en-us Wed, 10 Jan 2018 00:00:00 +0530 Thu, 10 Jan 2019 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353981 The Tribunal upheld the Original Authority's decision, dismissing the Revenue's appeals. It found that the respondent's operating leases were correctly classified and taxed as operating leases, not subject to service tax under BOFS. The decision was based on a thorough examination of lease agreements, AS-19, and relevant legal precedents, including the Supreme Court's distinction between financial and operating leases. Case-Laws Service Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353981