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TMI BlogRenting of immovable property service - Civil Appeal on "Renting/leasing of immovable property"X X X X Extracts X X X X X X X X Extracts X X X X ..... property" from 01.06.2007 which provisions were upheld by the Hon'ble High Court of Bombay by order dated 04.08.2011 and dismissed the Writ Petition No. 1474 of 2010. (Copy of Supreme Court Order dated 14/10/2011 enclosed). 2. Hon'ble Supreme Court had passed order dated 14.10.2011 on said appeal which reads as under; "(i) all members of the appellant association, namely, Retailers Association of India, who are before us, shall deposit with the concerned department 50% of the arrears towards the said tax within six months in three equated instalments, on or before 1st November, 2011; 1st January, 2012 and 1st March, 2012; (ii) for the balance 50% all the members shall furnish a solvent surety to the satisfaction of the jurisdictional Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vised Bond and BG/Solvency Certificate immediately and on submission of the Bond and BG/Solvency Certificate as per this Trade Notice only, the compliance as per the Hon'ble Supreme Court's order dated 14/10/2011 would be considered to have been made. FORMAT OF SOLVENCY CERTIFICATE ………………………….. BANK. H.O ……………………………… ……………………….. BRANCH DATE : ………………………….. To The Commissioner of Service Tax, Mumbai-I, Utpada Shulk Bhawan, M.K. Road, MUMBAI- 400 020. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h solvency Certificate) We …………………………….. of …………………………….. .hereinafter called "the obligor(s)" are held and firmly bound to the President of India (hereinafter called the "President") in the sum of …………………………….. rupees to be paid to the President for which payment will and truly to be made. We bind ourselves and our respective heirs, executors/administrators, legal representatives/successors and assigns by these presents: WHEREAS the obligors filed Writ Petition No. ……………&helli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he appeal and (iv) the successful party in this appeal shall be entitled to interest on the amount stayed by this court at such rate as may be directed at the time of final disposal of the appeal." The condition of this bond is that if the obligor(s) shall observe all the provisions of the Finance Act, 1994 or the provisions of other rules made under the said Act and all such amendments thereto, as may be issued from time to time so far as they relate to the said services. And if all dues whether service tax or other lawful charges, which shall be finally held payable by the Hon'ble Supreme Court, be duly paid into the treasury to the account of the Commissioner along-with interest, if any, as per the period granted by the Court or withi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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