2013 (12) TMI 1226

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on the lease agreement with M/s JBF Industries Ltd., for considering the amount as Rs. 3.50 Crore. The adjudicating authority confirmed the demand after taken into consideration the amount mentioned in the show-cause notice and there is no discussion in the impugned order in respect of remaining demand. In view of this we find that the matter requires reconsideration by the adjudicating authority. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... that the appellant has not provided any service falling under the category of Banking and other financial services including a non-banking financial company or any other body corporate. The appellant is a manufacturing unit and registered with the Revenue as a manufacturer of excisable goods. The appellant has also submitted that as per the agreement, the appellant had given their equipment on le .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s. 76,41,245/- is confirmed in respect of renting of equipment after taking into consideration the total amount of Rs. 8,04,83,022/- which is in respect of lease rent including the renting of immovable property. The contention is that in these circumstances the demand is not sustainable. 4. The Revenue relied upon the findings of the lower authority and also relied on the memorandum of associati .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X