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2009 (7) TMI 85 - AT - Service TaxLease / Rent – Financial Lease – machinery leased out – applicability of service tax – 65(105(zm) read with 65(12) - the Legislature intended to broaden the tax base bringing transfer of right to use tangible goods to the fold of law. This is appearing in Section 65(10)(zm) of Finance Act, 1994 which came into force w.e.f. 16.5.2008. Finding that there was no law to tax the transfer of right to use movables before 16.5.2008, even on such count also, the appellant is excluded from the purview of law – Leasing of machinery prior to 16-5-2008 was not taxable.
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