https://www.taxtmi.com/caselaws?id=377079 The Tribunal determined that the leasing transactions in question were Operating Leases, not subject to service tax, based on the distinction between Financial and Operating Leases as outlined in the Finance Act, 1994. The appellant's transactions were found to meet the criteria of Operating Leases, where ownership and risks remained with the lessor. Consequently, the impugned order was set aside, and the appeals were allowed with consequential reliefs. en-us Mon, 18 Mar 2019 00:00:00 +0530 Thu, 21 Mar 2019 06:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377079 The Tribunal determined that the leasing transactions in question were Operating Leases, not subject to service tax, based on the distinction between Financial and Operating Leases as outlined in the Finance Act, 1994. The appellant's transactions were found to meet the criteria of Operating Leases, where ownership and risks remained with the lessor. Consequently, the impugned order was set aside, and the appeals were allowed with consequential reliefs. Case-Laws Service Tax Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377079