https://www.taxtmi.com/caselaws?id=759968 CESTAT dismissed Revenue's appeal regarding service tax liability on income from selling flat allotment rights. The tribunal held that the respondent operated on principal-to-principal basis, purchasing flats from builders and selling to customers, constituting sale-purchase transactions involving transfer of immovable property rights rather than services. The activity fell outside service tax definition which excludes transfer of title in immovable property. Charges for demand survey, cancellation fees, and miscellaneous income were also held non-taxable as they involved no service element or were penalty in nature. en-us Mon, 23 Sep 2024 00:00:00 +0530 Mon, 14 Oct 2024 08:43:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759968 CESTAT dismissed Revenue's appeal regarding service tax liability on income from selling flat allotment rights. The tribunal held that the respondent operated on principal-to-principal basis, purchasing flats from builders and selling to customers, constituting sale-purchase transactions involving transfer of immovable property rights rather than services. The activity fell outside service tax definition which excludes transfer of title in immovable property. Charges for demand survey, cancellation fees, and miscellaneous income were also held non-taxable as they involved no service element or were penalty in nature. Case-Laws Service Tax Mon, 23 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759968