https://www.taxtmi.com/caselaws?id=755854 The CESTAT New Delhi ruled in favor of the appellant regarding service tax on renting immovable property. For the period up to June 2012, renting of hotel buildings was excluded from taxable services under Section 65(105)(zzzz) exclusionary clause. From July 2012 onwards, the service became taxable but appellant was entitled to 40% abatement under Notification 26/2012, making them liable for service tax on only 60% of rental value. The tribunal held that supply of tangible goods service was not applicable as complete control and possession were transferred. Penalties were set aside as the issue involved interpretation and transactions were properly recorded. Appeal allowed. en-us Fri, 19 Jul 2024 00:00:00 +0530 Mon, 22 Jul 2024 08:38:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755854 The CESTAT New Delhi ruled in favor of the appellant regarding service tax on renting immovable property. For the period up to June 2012, renting of hotel buildings was excluded from taxable services under Section 65(105)(zzzz) exclusionary clause. From July 2012 onwards, the service became taxable but appellant was entitled to 40% abatement under Notification 26/2012, making them liable for service tax on only 60% of rental value. The tribunal held that supply of tangible goods service was not applicable as complete control and possession were transferred. Penalties were set aside as the issue involved interpretation and transactions were properly recorded. Appeal allowed. Case-Laws Service Tax Fri, 19 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755854