Supreme Court · 2010 INSC 733 · Decided 26 October 2010

Association of Leasing and Financial Service Companies v. Union of India and ORS.

Court
Supreme Court of India
Citation
2010 INSC 733 · [2010] 13 S.C.R. 381
Case number
CIVIL APPEAL No. 9344/2010
Decided
26 October 2010
Bench
S.H. KAPADIA, K.S. RADHAKRISHNAN, SWATANTER KUMAR (3-judge bench)
Outcome
Dismissed
Case type
Civil
Acts & sections cited
Constitution Article 366(29A)

Headnote

Finance Act, 1994 (as amended): ss. 65(12), 65(105)(zm), 66 - Non-Banking Financial Company - Equipment leasing and hire-purchase - Service tax imposed by s.66 on the value of taxable services referred A B c to in s.65(105)(zm) read as it relates to D financial leasing services including equipment leasing and hire-purchase - Held: Is within the legislative competence of the Parliament under Entry 97, List I of the Seventh Schedule to the Constitution by virtue of Article 366 (29A) of the Constitution - Reserve Bank of India,

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