<h1>Delhi High Court: Renting Property Exempt from Service Tax Under Finance Act, 1994; Only Connected Services Taxable.</h1> The Delhi High Court ruled that renting immovable property does not constitute a service and is not subject to service tax under the Finance Act, 1994. The court clarified that service tax applies only to value-added services connected to renting, such as air conditioning, not to the act of renting itself. The court found the interpretation of the relevant notification and circular to be incorrect and set them aside as ultra vires. The decision did not address the legislative competence of Parliament regarding this issue, as it was unnecessary based on the court's main conclusion.