<h1>Supreme Court to Decide on Finance Act 2007's Service Tax on Commercial Rental Income; Industry Responses Sought.</h1> The Centre has approached the Supreme Court to resolve the constitutional validity of the Finance Act 2007, which allows the imposition of service tax on rental income from commercial properties. The Supreme Court, led by Justice B N Agrawal, has requested responses from various industry associations and halted proceedings in multiple high courts to prevent conflicting decisions. Retailers, real estate developers, and multiplex owners have challenged the tax, arguing it exceeds the Union's legislative authority and that leasing or renting should not be considered a service. Numerous companies have sought relief, claiming the tax adversely impacts organized retail trade.