Association Of Leasing & ... vs Union Of India & Ors

The Supreme Court examined the validity of Sections 65(12) and 65(105)(zm) of the Finance Act, 1994, which impose service tax on leasing and hire purchase services. The Court held that the imposition of service tax on these financial services is within the legislative competence of Parliament under Article 366(29A) of the Constitution. The appeal against the Madras High Court's dismissal of the writ petition challenging the service tax was dismissed, affirming the validity of the tax provisions.