2008 (4) TMI 39 - SCH - Service Tax

Assessee doing activity of Hire-Purchase Finance - tribunal has succinctly brought out the distinction between Hire-Purchase Agreement and Hire-Purchase Finance & held that service tax is not leviable on Hire-Purchase Finance - no infirmity in the impugned judgment of tribunal - revenue appeal dismissed

Summary

The Supreme Court held that service tax was not leviable on Hire-Purchase Finance, distinguishing it from Hire-Purchase Agreement. The Civil Appeal was dismissed with no order as to costs.