https://www.taxtmi.com/caselaws?id=432403 The Tribunal ruled in favor of the appellant, determining that the supply of ISO Tankers on lease by foreign suppliers constituted a 'deemed sale' under Article 366(29A) of the Constitution. As a result, the transaction was exempt from service tax under Section 65(105)(zzzzj) of the Finance Act, 1994. The Tribunal found that the appellant had exclusive control and possession of the tankers during the lease period, negating the classification as a 'Supply of Tangible Goods for Use' service. The appeal was allowed, and the Commissioner's order was set aside. en-us Tue, 03 Jan 2023 00:00:00 +0530 Thu, 08 Jun 2023 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432403 The Tribunal ruled in favor of the appellant, determining that the supply of ISO Tankers on lease by foreign suppliers constituted a 'deemed sale' under Article 366(29A) of the Constitution. As a result, the transaction was exempt from service tax under Section 65(105)(zzzzj) of the Finance Act, 1994. The Tribunal found that the appellant had exclusive control and possession of the tankers during the lease period, negating the classification as a 'Supply of Tangible Goods for Use' service. The appeal was allowed, and the Commissioner's order was set aside. Case-Laws Service Tax Tue, 03 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432403