https://www.taxtmi.com/caselaws?id=252810 Service tax on lease transactions was examined under the scope of taxable service in section 65(105)(zzzz) of the Finance Act, 1994, with the central question being whether the levy extended only to lease rent or also to a one-time lease premium. The Tribunal's own final view treated tax as leviable on lease rent and not on the premium, which supported a prima facie case for the assessee. In that setting, insisting on a large pre-deposit and refusing unconditional stay of recovery was not justified, and waiver of the precondition with stay of recovery was warranted. en-us Mon, 13 Oct 2014 00:00:00 +0530 Tue, 30 Jun 2015 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252810 Service tax on lease transactions was examined under the scope of taxable service in section 65(105)(zzzz) of the Finance Act, 1994, with the central question being whether the levy extended only to lease rent or also to a one-time lease premium. The Tribunal's own final view treated tax as leviable on lease rent and not on the premium, which supported a prima facie case for the assessee. In that setting, insisting on a large pre-deposit and refusing unconditional stay of recovery was not justified, and waiver of the precondition with stay of recovery was warranted. Case-Laws Service Tax Mon, 13 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252810