https://www.taxtmi.com/caselaws?id=254069 The High Court initially favored Respondent No.5 in a dispute over service tax on renting immovable property, but an arbitration award shifted the service tax liability to Respondent No.5. The High Court ruled that the transaction did not fall within taxable "airport services" before a certain date and directed the appellant to pay the bank guarantee cost. The Supreme Court upheld this decision, stating the appellant's insistence on the bank guarantee made them responsible for its cost. en-us Thu, 04 Dec 2014 00:00:00 +0530 Mon, 29 Jun 2015 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254069 The High Court initially favored Respondent No.5 in a dispute over service tax on renting immovable property, but an arbitration award shifted the service tax liability to Respondent No.5. The High Court ruled that the transaction did not fall within taxable "airport services" before a certain date and directed the appellant to pay the bank guarantee cost. The Supreme Court upheld this decision, stating the appellant's insistence on the bank guarantee made them responsible for its cost. Case-Laws Service Tax Thu, 04 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254069