2007 (7) TMI 622

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....nt. Shri B.L. Meena, SDR, for the Respondent. ORDER In the impugned order, the Commissioner has demanded a total amount of over Rs. 59 lakhs from the appellants towards service tax and education cess for the period 1-4-2005 to 15-6-2005. He has also demanded interest on the said amount and imposed penalties on the assessee. The above demand is in respect of what has been held to be "Banki....

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....ion should be essentially a financial service for the purpose of levy of service tax under Section 65 (11). On the facts of this case, there was no element of financial service in the activity of leasing out of ATMs by the  assessee to banks and, therefore, it could not be classified as "banking and other financial services". We have heard ld. SDR  who has reiterated the findings of the ....