2010 (11) TMI 12 - HC - Service Tax

Renting of immovable property - service tax - retrospective amendment w.e.f. 1.6.2007 vide Finance Act, 2010 - Allahabad High Court stays the retrospective operation of levy of service tax on renting of property but not stay on prospective levy

Summary

The High Court of Allahabad held that the renting of immovable property was not initially included in the Finance Act, 1994. The Finance Act, 2010 later included it with effect from June 1, 2007. The court stayed the retrospective operation of the service tax levy on renting of property until further orders, allowing prospective assessment and levy. The Union of India was given time to file a counter affidavit.