TMI Blog2017 (1) TMI 1642X X X X Extracts X X X X X X X X Extracts X X X X ..... rary arrangement. Appellant was neither a banking company nor a financial institution nor engaged in providing financial services such as hire purchase, leasing finance, etc - the appellant not being a service provider of leasing as its principal activity, it was not a “Banking and other Financial Service” provider - appeal allowed - decided in favor of appellant. - ST/283/2007-DB - Final Order N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces such as hire purchase, leasing finance, etc. 3. In view of the aforesaid factual circumstance, the appellant not being a service provider of leasing as its principal activity, it was not a Banking and other Financial Service provider. Accordingly, the SCN issued under misconception fails to stand. Appeal is thus allowed. (Dictated and pronounced in open Court) - - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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