https://www.taxtmi.com/caselaws?id=800676 Assignment for consideration of leasehold rights in land and buildings allotted by an industrial development corporation is treated as a transfer of benefits arising from immovable property. Such assignment falls outside taxable supply under the GST framework governing transactions in immovable property and therefore does not attract GST. The applicable jurisdictional precedent remains binding because it has neither been stayed nor recalled, supporting non-levy on transfer to a third-party assignee. en-us Tue, 06 Oct 2026 00:00:00 +0530 Fri, 09 Oct 2026 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800676 Assignment for consideration of leasehold rights in land and buildings allotted by an industrial development corporation is treated as a transfer of benefits arising from immovable property. Such assignment falls outside taxable supply under the GST framework governing transactions in immovable property and therefore does not attract GST. The applicable jurisdictional precedent remains binding because it has neither been stayed nor recalled, supporting non-levy on transfer to a third-party assignee. Case-Laws GST Tue, 06 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800676