https://www.taxtmi.com/article/detailed?id=5883 The note analyzes whether permanent, irrevocable transfer of development rights (TDR) is a taxable service or a transfer of title in immovable property. It argues that pre negative list TDR functioned as an irrevocable sale of a development interest and not as a lease or licence, thus outside service tax. Under the negative list regime the core issue is whether TDR effects a transfer of title; if characterized as a transfer of a proprietary right it falls outside service tax, whereas revenue authorities may treat non full ownership transfers as taxable services, making taxability fact specific. en-us Tue, 28 Oct 2014 07:34:50 +0530 Tue, 28 Oct 2014 10:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5883 The note analyzes whether permanent, irrevocable transfer of development rights (TDR) is a taxable service or a transfer of title in immovable property. It argues that pre negative list TDR functioned as an irrevocable sale of a development interest and not as a lease or licence, thus outside service tax. Under the negative list regime the core issue is whether TDR effects a transfer of title; if characterized as a transfer of a proprietary right it falls outside service tax, whereas revenue authorities may treat non full ownership transfers as taxable services, making taxability fact specific. Articles Service Tax Tue, 28 Oct 2014 07:34:50 +0530 https://www.taxtmi.com/article/detailed?id=5883