https://www.taxtmi.com/caselaws?id=389762 The Tribunal concluded that the lump sum payment and periodic lease rentals were taxable under section 65(105)(zzzz) of the Finance Act, 1994. The appeal was dismissed, and the lump sum payment was deemed liable to tax along with the periodic payments. The Tribunal found the transaction to be a lease, not a sale, based on the appellant retaining certain rights. Judicial precedents supported treating the lump sum payment as taxable rent. The Tribunal distinguished previous cases involving state government entities and upheld the tax demand, rejecting the appellant's arguments. en-us Mon, 11 Nov 2019 00:00:00 +0530 Wed, 18 Nov 2020 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389762 The Tribunal concluded that the lump sum payment and periodic lease rentals were taxable under section 65(105)(zzzz) of the Finance Act, 1994. The appeal was dismissed, and the lump sum payment was deemed liable to tax along with the periodic payments. The Tribunal found the transaction to be a lease, not a sale, based on the appellant retaining certain rights. Judicial precedents supported treating the lump sum payment as taxable rent. The Tribunal distinguished previous cases involving state government entities and upheld the tax demand, rejecting the appellant's arguments. Case-Laws Service Tax Mon, 11 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389762