https://www.taxtmi.com/caselaws?id=449520 CESTAT Chennai allowed the appeal regarding service tax levy on aircraft lease. Appellant leased aircraft from US company under dry lease agreement from May 2008 to January 2013. For pre-July 2012 period, transaction did not fall under Supply of Tangible Goods Service as appellant had lawful possession, employed crew, operated aircraft, and maintained effective control. Post-July 2012, despite declared service provisions, effective control transfer to appellant meant lease did not constitute taxable service. Demand set aside as possession, operational control, maintenance responsibility, and insurance obligations demonstrated transfer of right to use goods. en-us Tue, 13 Feb 2024 00:00:00 +0530 Wed, 13 May 2026 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449520 CESTAT Chennai allowed the appeal regarding service tax levy on aircraft lease. Appellant leased aircraft from US company under dry lease agreement from May 2008 to January 2013. For pre-July 2012 period, transaction did not fall under Supply of Tangible Goods Service as appellant had lawful possession, employed crew, operated aircraft, and maintained effective control. Post-July 2012, despite declared service provisions, effective control transfer to appellant meant lease did not constitute taxable service. Demand set aside as possession, operational control, maintenance responsibility, and insurance obligations demonstrated transfer of right to use goods. Case-Laws Service Tax Tue, 13 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449520