https://www.taxtmi.com/caselaws?id=351232 The Tribunal upheld the demand for service tax on lease rent received by a Municipal Corporation for long-term leases within the normal time limitation period. The appellant's plea of a bona fide belief exempting them from service tax was considered, resulting in the penalty being set aside. The case was remanded for quantifying the demand within the normal time limit, emphasizing the restriction. This decision clarified the liability of Municipal Corporations to pay service tax on lease rent for long-term leases, providing guidance on service tax applicability in leasing vacant land for construction purposes. en-us Thu, 26 Oct 2017 00:00:00 +0530 Wed, 22 Nov 2017 08:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351232 The Tribunal upheld the demand for service tax on lease rent received by a Municipal Corporation for long-term leases within the normal time limitation period. The appellant's plea of a bona fide belief exempting them from service tax was considered, resulting in the penalty being set aside. The case was remanded for quantifying the demand within the normal time limit, emphasizing the restriction. This decision clarified the liability of Municipal Corporations to pay service tax on lease rent for long-term leases, providing guidance on service tax applicability in leasing vacant land for construction purposes. Case-Laws Service Tax Thu, 26 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351232