https://www.taxtmi.com/caselaws?id=261236 The Appellate Tribunal confirmed a service tax demand under the 'Renting of Immovable Property' service for lease transactions spanning 2006-2011. Despite arguments equating leases to sales due to state rules, the Tribunal held the appellant liable for service tax under the Finance Act for business/commerce use. It clarified that lease rent for a 99-year lease did not amount to a sale, upholding the service tax levy. The Tribunal distinguished between leasehold rights transfer and sale, emphasizing federal laws' precedence over conflicting state rules. A stay was granted on the demand pending appeal, requiring a pre-deposit to avoid dismissal. en-us Tue, 05 May 2015 00:00:00 +0530 Tue, 07 Jul 2015 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261236 The Appellate Tribunal confirmed a service tax demand under the 'Renting of Immovable Property' service for lease transactions spanning 2006-2011. Despite arguments equating leases to sales due to state rules, the Tribunal held the appellant liable for service tax under the Finance Act for business/commerce use. It clarified that lease rent for a 99-year lease did not amount to a sale, upholding the service tax levy. The Tribunal distinguished between leasehold rights transfer and sale, emphasizing federal laws' precedence over conflicting state rules. A stay was granted on the demand pending appeal, requiring a pre-deposit to avoid dismissal. Case-Laws Service Tax Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261236