https://www.taxtmi.com/caselaws?id=783222 CESTAT Kolkata set aside the service tax demand raised on the appellant on lease income reflected in its balance sheet pursuant to Ind AS 17 compliance. Relying on precedent, the Tribunal held that mere accounting treatment cannot be the basis for classifying receipts as taxable "renting of immovable property" services without substantive evidence of such a renting arrangement. The Tribunal found the underlying activity to be manufacturing and allied operations, on which Excise duty and VAT had already been discharged, rendering the service tax demand unsustainable. The appeal was allowed in full. en-us Wed, 29 Oct 2025 00:00:00 +0530 Thu, 11 Dec 2025 17:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783222 CESTAT Kolkata set aside the service tax demand raised on the appellant on lease income reflected in its balance sheet pursuant to Ind AS 17 compliance. Relying on precedent, the Tribunal held that mere accounting treatment cannot be the basis for classifying receipts as taxable "renting of immovable property" services without substantive evidence of such a renting arrangement. The Tribunal found the underlying activity to be manufacturing and allied operations, on which Excise duty and VAT had already been discharged, rendering the service tax demand unsustainable. The appeal was allowed in full. Case-Laws Service Tax Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783222