https://www.taxtmi.com/caselaws?id=261236 Lease of 99 years was treated as transfer of lease-hold rights under municipal rules, so the amount received was characterised as lease rent and the activity fell within renting of immovable property under Section 65(90a) of the Finance Act, 1994. Prior legal uncertainty on the taxability of such renting was accepted as relevant when considering interim protection, particularly for demand beyond the normal limitation period. Complete stay was declined, the appellant was directed to pre-deposit the demand relating to the normal period, and recovery of the remaining adjudicated liability was stayed subject to compliance. 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 Lease of 99 years was treated as transfer of lease-hold rights under municipal rules, so the amount received was characterised as lease rent and the activity fell within renting of immovable property under Section 65(90a) of the Finance Act, 1994. Prior legal uncertainty on the taxability of such renting was accepted as relevant when considering interim protection, particularly for demand beyond the normal limitation period. Complete stay was declined, the appellant was directed to pre-deposit the demand relating to the normal period, and recovery of the remaining adjudicated liability was stayed subject to compliance. Case-Laws Service Tax Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261236