https://www.taxtmi.com/caselaws?id=765665 CESTAT NEW DELHI held that premium or salami paid for renting immovable property is subject to service tax both prior to 01.07.2012 under section 65(105)(zzzz) and from 01.07.2012 under section 66B of the Finance Act. The tribunal ruled that premium constitutes consideration for transfer of possession rights and falls within the definition of renting services. The appellant's contention that such payments are excluded from taxability under section 65B(44) was rejected, as renting of immovable property is a declared taxable service under section 66E. Appeals were remanded to respective Division Benches for merit determination. en-us Mon, 27 Jan 2025 00:00:00 +0530 Fri, 07 Feb 2025 08:38:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765665 CESTAT NEW DELHI held that premium or salami paid for renting immovable property is subject to service tax both prior to 01.07.2012 under section 65(105)(zzzz) and from 01.07.2012 under section 66B of the Finance Act. The tribunal ruled that premium constitutes consideration for transfer of possession rights and falls within the definition of renting services. The appellant's contention that such payments are excluded from taxability under section 65B(44) was rejected, as renting of immovable property is a declared taxable service under section 66E. Appeals were remanded to respective Division Benches for merit determination. Case-Laws Service Tax Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765665