https://www.taxtmi.com/caselaws?id=34567 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant, Banswara Syntex Ltd, in a case concerning the classification of a lease of land, building, and machinery for service tax purposes under the Finance Act, 1994. The Tribunal held that the appellant did not qualify as a body corporate providing financial services through leasing and therefore was not liable to pay service tax. The Tribunal also highlighted the legislative intent behind the tax provisions and allowed the appeal, negating the service tax liability for the appellant. en-us Mon, 13 Jul 2009 00:00:00 +0530 Thu, 17 Apr 2014 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34567 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant, Banswara Syntex Ltd, in a case concerning the classification of a lease of land, building, and machinery for service tax purposes under the Finance Act, 1994. The Tribunal held that the appellant did not qualify as a body corporate providing financial services through leasing and therefore was not liable to pay service tax. The Tribunal also highlighted the legislative intent behind the tax provisions and allowed the appeal, negating the service tax liability for the appellant. Case-Laws Service Tax Mon, 13 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34567