https://www.taxtmi.com/caselaws?id=363397 The Tribunal ruled in favor of the appellant, determining that leasing water bodies for aquaculture and fishing rights does not amount to renting of immovable property under the Finance Act, 1994. The Tribunal held that water bodies essential for aquaculture are excluded from the definition of 'renting of immovable property' and fall under the exclusion clause. Therefore, leasing water bodies for aquaculture purposes is not liable to service tax, as aquaculture is considered part of agriculture exempted from service tax during the relevant periods. The appeal was allowed, and the demand for service tax was set aside. en-us Wed, 11 Jul 2018 00:00:00 +0530 Tue, 27 Aug 2019 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363397 The Tribunal ruled in favor of the appellant, determining that leasing water bodies for aquaculture and fishing rights does not amount to renting of immovable property under the Finance Act, 1994. The Tribunal held that water bodies essential for aquaculture are excluded from the definition of 'renting of immovable property' and fall under the exclusion clause. Therefore, leasing water bodies for aquaculture purposes is not liable to service tax, as aquaculture is considered part of agriculture exempted from service tax during the relevant periods. The appeal was allowed, and the demand for service tax was set aside. Case-Laws Service Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363397