https://www.taxtmi.com/caselaws?id=363397 Leasing or auctioning water bodies for aquaculture and fishing rights was treated as outside the taxable net. For the pre-1 July 2012 period, the exclusion for vacant land used for agriculture and aquaculture was read broadly, and water bodies used as an inseparable precondition for such activity were not treated as taxable renting of immovable property. For the post-1 July 2012 negative list regime, agriculture was construed to include aquaculture and allied fishing activity, so the leasing did not amount to a taxable service. The demand and penalties were 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 Leasing or auctioning water bodies for aquaculture and fishing rights was treated as outside the taxable net. For the pre-1 July 2012 period, the exclusion for vacant land used for agriculture and aquaculture was read broadly, and water bodies used as an inseparable precondition for such activity were not treated as taxable renting of immovable property. For the post-1 July 2012 negative list regime, agriculture was construed to include aquaculture and allied fishing activity, so the leasing did not amount to a taxable service. The demand and penalties were set aside. Case-Laws Service Tax Wed, 11 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363397