https://www.taxtmi.com/highlights?id=83712 The Appellate Tribunal held that the term "One Time Upfront Amount" (referred to as premium, salami, cost, price, development charges, etc.) relates to a one-time payment made at the beginning of a lease, but it does not necessarily mean payment in one lump sum. The nature of such payments is that they are paid only once during the lease period, as opposed to recurring lease rent. The Revenue's contention that payment in installments cannot be considered a "One Time Payment" was incorrect. Consequently, the Revenue's appeal was dismissed. en-us Fri, 06 Dec 2024 08:47:01 +0530 Fri, 06 Dec 2024 08:47:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83712 The Appellate Tribunal held that the term "One Time Upfront Amount" (referred to as premium, salami, cost, price, development charges, etc.) relates to a one-time payment made at the beginning of a lease, but it does not necessarily mean payment in one lump sum. The nature of such payments is that they are paid only once during the lease period, as opposed to recurring lease rent. The Revenue's contention that payment in installments cannot be considered a "One Time Payment" was incorrect. Consequently, the Revenue's appeal was dismissed. Highlights Service Tax Fri, 06 Dec 2024 08:47:01 +0530 https://www.taxtmi.com/highlights?id=83712