Supreme Court approves Service tax on leasing services

Court: Supreme Court

Citation: Association of Leasing & Financial Service Companies Versus Union of India and others

Brief: The service tax in the present case is neither on the material nor on sale. It is on the activity of financing/ funding of equipment/ asset within the meaning of the words “financial leasing services” in Section 65(12)(a)(i).- the appellant(s) had moved the High Court in the writ petition challenging the validity of Section 66 of the Finance Act, 1994 on

Please become a Premium member. If you are already a Premium member, login here to access the full content.