Leasing Cylinders Considered Deemed Sale, Not Service; Transfer of Possession and Control Excludes Taxable Services.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Nature of transaction - giving the cylinders on lease - deemed sale or service - supply of tangible goods on lease basis with transfer of right to possession and effective control will go out of ambit of taxable services.....