2014 (9) TMI 113

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..... ing, licensing or other similar arrangements of immovable property for use in the Course or furtherance of business or commerce - Board's Circular dated 13.12.2011 relied upon by the Revenue provided that each case and the terms of contract may be looked into and the decision is to be taken on case to case basis. In the present case, as the agreement is on revenue sharing basis and the applicant a .....

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..... ting authority. 4. The contention of the applicant is that the demand is confirmed on the ground that the applicant had provided renting of immovable property service. 5. The contention is that the applicant had entered into agreements with Pantaloons and Trent Ltd to undertake a business for selling garments etc on revenue sharing basis. The applicant heavily relies upon the terms and condi .....

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..... ing of Immovable Property as provided as under Section 65 (90A) of the Finance Act, 1994, renting of immovable property includes renting, letting, leasing, licensing or other similar arrangements of immovable property for use in the Course or furtherance of business or commerce but does not include (i) renting of immovable property by a religious body or to a religious body; or to a relig .....

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