Case Law Analysis
|Custom, Excise & Service Tax Tribunal
Section 65(105)(zzzz) Finance Act | Residential Lease to Company Exempt from Service Tax Even If Occupied by Director: CESTAT Chennai
CESTAT Chennai rules that renting immovable property for residential use-even if leased to a company and occupied by its managing director-falls under the statutory exemption from service tax under Section 65(105)(zzzz) of the Finance Act. The ruling clarifies that the nature of use, not the lessee’s identity, determines tax liability, offering relief to property owners and corporate lessors.