Transfer of Development Rights Not Taxable as Service as It Involves Immovable Property: CESTAT

Omaxe Limited Vs Commissioner of Central Goods And Service Tax and Central Excise (CESTAT Delhi) Service Tax Demand Quashed as Development Rights Treated as Benefits Arising From Land; CESTAT Delhi Sets Aside Service Tax on Development Rights Due to Transfer of Land Interest; No Service Tax on Transfer of Development Rights Because Rights in Land Are Conveyed: CESTAT; Development Rights Transaction Outside Scope of ‘Service’ Under Finance Act: CESTAT Delhi; Service Tax Cannot Be Levied on Development Rights Transfer Linked to Immovable Property; CESTAT Allows Appeal After Holding Developme...