https://www.taxtmi.com/caselaws?id=461693 CESTAT Ahmedabad held that leasing of textile machinery constituted deemed sale under Article 366(29A) of the Constitution, not supply of tangible goods for use service. The assessee transferred right to possession and effective control of machinery to the lessee, who was already paying VAT on the transaction. Since the transaction qualified as deemed sale, it was not liable for service tax. The tribunal followed precedent from CESTAT Mumbai in UFO Moviez case with similar facts. Appeals allowed in favor of assessee. en-us Thu, 26 Sep 2024 00:00:00 +0530 Tue, 22 Apr 2025 19:03:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461693 CESTAT Ahmedabad held that leasing of textile machinery constituted deemed sale under Article 366(29A) of the Constitution, not supply of tangible goods for use service. The assessee transferred right to possession and effective control of machinery to the lessee, who was already paying VAT on the transaction. Since the transaction qualified as deemed sale, it was not liable for service tax. The tribunal followed precedent from CESTAT Mumbai in UFO Moviez case with similar facts. Appeals allowed in favor of assessee. Case-Laws Service Tax Thu, 26 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461693