TMI Blog2007 (7) TMI 622X X X X Extracts X X X X X X X X Extracts X X X X ..... order, the Commissioner has demanded a total amount of over ₹ 59 lakhs from the appellants towards service tax and education cess for the period 1-4-2005 to 15-6-2005. He has also demanded interest on the said amount and imposed penalties on the assessee. The above demand is in respect of what has been held to be Banking and other Financial Services and found to have been rendered by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice tax under Section 65 (11). On the facts of this case, there was no element of financial service in the activity of leasing out of ATMs by the assessee to banks and, therefore, it could not be classified as banking and other financial services . We have heard ld. SDR who has reiterated the findings of the Commissioner. 3. After giving careful consideration to the submissions, we have foun ..... X X X X Extracts X X X X X X X X Extracts X X X X
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