https://www.taxtmi.com/highlights?id=97008 Assignment of long term leasehold rights constitutes transfer of benefits arising out of immovable property where the lease is for a 95 year term and the lease permits transfer; such a transaction lacks the essential element of a supply of services in the course or furtherance of business and therefore falls outside the GST levy. The reasoning adopts prior precedent treating assignment/sale of leasehold rights by an allottee to a third party assignee as transfer of immovable property benefits, and on that basis the writ petition challenging taxability was allowed. en-us Wed, 18 Feb 2026 10:49:31 +0530 Wed, 18 Feb 2026 10:49:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97008 Assignment of long term leasehold rights constitutes transfer of benefits arising out of immovable property where the lease is for a 95 year term and the lease permits transfer; such a transaction lacks the essential element of a supply of services in the course or furtherance of business and therefore falls outside the GST levy. The reasoning adopts prior precedent treating assignment/sale of leasehold rights by an allottee to a third party assignee as transfer of immovable property benefits, and on that basis the writ petition challenging taxability was allowed. Highlights GST Wed, 18 Feb 2026 10:49:31 +0530 https://www.taxtmi.com/highlights?id=97008