Wednesday, November 24, 2010

Service Tax -Renting of Immovable Property - Supreme Court requests Delhi High Court to dispose of Writ Petition

Service Tax -Renting of Immovable Property - Supreme Court requests Delhi High Court to dispose of Writ Petition

NETIZENS will remember that the Delhi High Court had stayed the collection of Service Tax on renting of immovable property, even after the amendment in the Finance Act, 2010. Revenue had appealed against the Delhi High Court's order in the Supreme Court.

The Supreme Court in its order on 19.11.2010, held,

"Counsel appearing for the parties agree that they would all make efforts for getting the writ petition, pending in the High Court, disposed of on the next date and therefore, no order is required to be passed on this, for the present.We request the High Court to dispose of the writ petition itself since an interim order is passed, which according to the petitioners, is creating prejudice to their interest. Re-notify in the second week of January, 2011."

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