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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