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Amendment Makes Renting Property Taxable Retroactively From June 1, 2007; Demands Beyond Limitation Period Unjustifiable.
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....Renting of Immovable Property Service - After the amendment, renting itself became taxable with retrospective effect from 01.6.2007 itself. When the law itself did not cover taxation of renting of immovable property services, it is inconceivable that the assessee could have anticipated the retrospective amendment and paid service tax accordingly - the demand on this head is not sustainable beyond the normal period of limitation. - AT....
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