Tuesday, November 23, 2010
Stay on Retrospective Amendment : Renting of Immovable property :
Allahabad High Court in M/S Orient Craft Limited vs Union Of India And Others - granted stay on the retrospective operation (Retrospective amendment w.e.f. 1.6.2007 vide Finance Act, 2010) of levy of service tax on renting of property but not stay on prospective levy.
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