Constitutional Validity and retrospective levy of service tax on renting of immovable property upheld -Punjab and Haryana High Court

Court: Punjab & Haryana High Court Citation: M/s Shubh Timb Steels Limited Vs. Union of India and Ors (A/T–2010¬539-HC] Brief :Hon’ble Punjab & Haryana High Court in its decision dated 22 November 2010 on the issue of constitutional validity of the levy of service tax on renting of immovable property and the validity of the retrospective amendment to the definition of ‘renting of immovable property’ under Finance Act, 1994 ruled in favor of the Revenue. Factual background- The levy of service tax on ‘renting of immovable property’ was introduced w...