https://www.taxtmi.com/caselaws?id=439933 The Tribunal held that interest and penalties were not payable in cases involving retrospectively assessed duty for "Renting of Immovable Property Service." The appellant's plea to waive interest and penalties was granted, modifying the original order accordingly. The Tribunal emphasized the legislative intent behind the retrospective amendment clarifying tax liability, aiming to tax commercial use of rented immovable property. The judgment, delivered by SHRI P. DINESHA and SHRI M. AJIT KUMAR, on 5.7.2023, supported the appellant's argument with references to relevant case law. en-us Wed, 05 Jul 2023 00:00:00 +0530 Thu, 06 Jul 2023 07:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439933 The Tribunal held that interest and penalties were not payable in cases involving retrospectively assessed duty for "Renting of Immovable Property Service." The appellant's plea to waive interest and penalties was granted, modifying the original order accordingly. The Tribunal emphasized the legislative intent behind the retrospective amendment clarifying tax liability, aiming to tax commercial use of rented immovable property. The judgment, delivered by SHRI P. DINESHA and SHRI M. AJIT KUMAR, on 5.7.2023, supported the appellant's argument with references to relevant case law. Case-Laws Service Tax Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439933