https://www.taxtmi.com/caselaws?id=767358 CESTAT Allahabad dismissed the appeal regarding service tax levy on one-time premium for immovable property rental. Following Allahabad HC precedent, the tribunal held that letting immovable property for consideration constitutes taxable service, not statutory function. Both one-time premium and rent are subject to service tax under renting of immovable property provisions. The combined value exceeded threshold exemption limits under Notification 4/2007-ST. The development authority's property leasing activities were deemed commercial services rather than public interest functions, making them liable for service tax on total consideration received. en-us Thu, 13 Mar 2025 00:00:00 +0530 Mon, 17 Mar 2025 07:41:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767358 CESTAT Allahabad dismissed the appeal regarding service tax levy on one-time premium for immovable property rental. Following Allahabad HC precedent, the tribunal held that letting immovable property for consideration constitutes taxable service, not statutory function. Both one-time premium and rent are subject to service tax under renting of immovable property provisions. The combined value exceeded threshold exemption limits under Notification 4/2007-ST. The development authority's property leasing activities were deemed commercial services rather than public interest functions, making them liable for service tax on total consideration received. Case-Laws Service Tax Thu, 13 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767358