https://www.taxtmi.com/caselaws?id=325598 The appellant challenged a penalty imposed under Sections 76, 77 & 78 of the Finance Act, 1994, related to the leviability of service tax on renting immovable properties. The High Court held that renting property was not a service initially, but a retrospective amendment made it taxable. The appellant's timely tax payment and reliance on Section 80(2) led to the penalty being set aside. The Tribunal emphasized the binding nature of their decisions on all assessees and overturned the confirmation of a demand for denying CENVAT credit due to lack of notice proposal. en-us Thu, 04 Feb 2016 00:00:00 +0530 Wed, 23 Mar 2016 10:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325598 The appellant challenged a penalty imposed under Sections 76, 77 & 78 of the Finance Act, 1994, related to the leviability of service tax on renting immovable properties. The High Court held that renting property was not a service initially, but a retrospective amendment made it taxable. The appellant's timely tax payment and reliance on Section 80(2) led to the penalty being set aside. The Tribunal emphasized the binding nature of their decisions on all assessees and overturned the confirmation of a demand for denying CENVAT credit due to lack of notice proposal. Case-Laws Service Tax Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325598