No service tax is to be levied on renting immovable property when sharing profits

Hotel Shreelekha Regency Limited Vs Commissioner of GST & Central Excise (CESTAT Chennai)

The CESTAT, Chennai in M/S. Hotel Shreelekha Regency Limited [Service Tax Appeal No. 40073 of 2014 dated July 14, 2023] set aside the order demanding service tax on rental property and held that, income received from rent by assessee is not subject to levy of service tax.

Facts:

M/s. Hotel Shreelekha Regency Ltd

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