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    <title>SERVICE TAX ON RENTING OF IMMOVABLE PROPERTY- KEEP YOUR FINGERS CROSSED</title>
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    <description>The statutory and executive measures extending service tax to renting of immovable property for business were contested; a High Court held mere renting was not a taxable service and struck down the notification and circular as ultra vires, after which the legislature amended the statutory definition retroactively to treat renting itself as a taxable service and to tax specified land-renting linked construction arrangements, prompting renewed multi-jurisdictional challenges focused on characterization of service, legislative competence, and retrospective validation.</description>
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    <pubDate>Mon, 27 Dec 2010 22:19:44 +0530</pubDate>
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      <title>SERVICE TAX ON RENTING OF IMMOVABLE PROPERTY- KEEP YOUR FINGERS CROSSED</title>
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      <description>The statutory and executive measures extending service tax to renting of immovable property for business were contested; a High Court held mere renting was not a taxable service and struck down the notification and circular as ultra vires, after which the legislature amended the statutory definition retroactively to treat renting itself as a taxable service and to tax specified land-renting linked construction arrangements, prompting renewed multi-jurisdictional challenges focused on characterization of service, legislative competence, and retrospective validation.</description>
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      <pubDate>Mon, 27 Dec 2010 22:19:44 +0530</pubDate>
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