https://www.taxtmi.com/caselaws?id=456052 CESTAT Bangalore ruled that receipts from residential unit allottees constitute sale of immovable property, not taxable services under Finance Act 1994. The appellant acquired land, supervised contractors, and allocated completed units through draw of lots, which differs from service provision. Commercial complex receipts were similarly deemed property sales beyond service tax purview. Development and management charges require fresh determination by original authority to assess actual service elements. The tribunal set aside the impugned order entirely, remanding liability determination of Rs. 4,35,91,083 back to original authority for proper application of relevant Finance Act provisions. Limitation period issues remain open for future consideration. en-us Mon, 28 Feb 2022 00:00:00 +0530 Mon, 24 Jun 2024 20:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456052 CESTAT Bangalore ruled that receipts from residential unit allottees constitute sale of immovable property, not taxable services under Finance Act 1994. The appellant acquired land, supervised contractors, and allocated completed units through draw of lots, which differs from service provision. Commercial complex receipts were similarly deemed property sales beyond service tax purview. Development and management charges require fresh determination by original authority to assess actual service elements. The tribunal set aside the impugned order entirely, remanding liability determination of Rs. 4,35,91,083 back to original authority for proper application of relevant Finance Act provisions. Limitation period issues remain open for future consideration. Case-Laws Service Tax Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456052