https://www.taxtmi.com/caselaws?id=767460 The Tribunal upheld the adjudicating authority's decision, confirming that the lease agreement for land within a Special Economic Zone (SEZ) to Smart City (Kochi) Infrastructure Pvt. Ltd. qualifies for exemption from service tax under Notification No.41/2016. The Tribunal agreed with the broader interpretation that the exemption applies to State Government actions, not just State Industrial Development Corporations, and found that the conditions for exemption were met. Consequently, the Tribunal dismissed the Revenue's appeal, affirming that no service tax was applicable on the lease agreement. en-us Tue, 18 Mar 2025 00:00:00 +0530 Wed, 19 Mar 2025 06:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767460 The Tribunal upheld the adjudicating authority's decision, confirming that the lease agreement for land within a Special Economic Zone (SEZ) to Smart City (Kochi) Infrastructure Pvt. Ltd. qualifies for exemption from service tax under Notification No.41/2016. The Tribunal agreed with the broader interpretation that the exemption applies to State Government actions, not just State Industrial Development Corporations, and found that the conditions for exemption were met. Consequently, the Tribunal dismissed the Revenue's appeal, affirming that no service tax was applicable on the lease agreement. Case-Laws Service Tax Tue, 18 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767460