https://www.taxtmi.com/caselaws?id=439425 The Tribunal ruled in favor of the appellant, M/s. Spencer International Hotels Ltd., stating that the agreement with M/s. IHCL was not for renting immovable property but for running the entire hotel business, including premises and facilities. The consideration based on annual sales indicated a profit-sharing arrangement, exempting it from service tax under "Renting of Immovable Property Service." The demands, interest, and penalties for the specified periods were deemed unsustainable due to the profit-sharing nature of the agreement. The extended period for the show cause notice was found unjustified, leading to the demands being set aside, allowing the appeals with consequential relief. en-us Thu, 22 Jun 2023 00:00:00 +0530 Fri, 23 Jun 2023 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439425 The Tribunal ruled in favor of the appellant, M/s. Spencer International Hotels Ltd., stating that the agreement with M/s. IHCL was not for renting immovable property but for running the entire hotel business, including premises and facilities. The consideration based on annual sales indicated a profit-sharing arrangement, exempting it from service tax under "Renting of Immovable Property Service." The demands, interest, and penalties for the specified periods were deemed unsustainable due to the profit-sharing nature of the agreement. The extended period for the show cause notice was found unjustified, leading to the demands being set aside, allowing the appeals with consequential relief. Case-Laws Service Tax Thu, 22 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439425