https://www.taxtmi.com/caselaws?id=787439 Whether assignment of long-term (95-year) leasehold rights constitutes a taxable supply under the Maharashtra GST framework was analysed by reference to the scope of supply (Section 7(1)) and Schedule II (land/building transactions). The court treated the transaction as an extinguishment and transfer of benefits arising out of immovable property, relied on analogous reasoning in prior high-court authority and on the relevance of a nil-rate notification for certain long-term leases, and found no requisite nexus with the transferor's business; accordingly the assignment is not a supply of services attracting GST and the impugned assessment order was quashed with the writ allowed for the assessee. en-us Fri, 27 Feb 2026 00:00:00 +0530 Thu, 05 Mar 2026 08:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787439 Whether assignment of long-term (95-year) leasehold rights constitutes a taxable supply under the Maharashtra GST framework was analysed by reference to the scope of supply (Section 7(1)) and Schedule II (land/building transactions). The court treated the transaction as an extinguishment and transfer of benefits arising out of immovable property, relied on analogous reasoning in prior high-court authority and on the relevance of a nil-rate notification for certain long-term leases, and found no requisite nexus with the transferor's business; accordingly the assignment is not a supply of services attracting GST and the impugned assessment order was quashed with the writ allowed for the assessee. Case-Laws GST Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787439