TMI Blog2015 (12) TMI 1540X X X X Extracts X X X X X X X X Extracts X X X X ..... ments was executed by them. The owner(s) of the land were assigned 30 apartments and remaining were disposed off to other individuals under two categories of agreements, outright sale on the one hand and contract for construction of apartments on the other. Prima facie, it would appear that development of the property had been effected by construction of the 42 apartments, which were not handed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g works contract service and ₹ 3,61,023/- for rendering renting of immovable property service for the period from 2007-08 to 2011-12 besides interest and further imposing penalty under section 77 and 78 of Finance Act, 1994. Their application for stay of operation of the impugned order pending disposal of the appeal is now taken-up. 2. Briefly, the appellant entered into joint deve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat they were not the owners of commercial premises alleged to have been leased to the corporate clients. It would appear that this claim is correct and demand of ₹ 3,61,023/- does not appear to be sustainable. On the disputed levy relating to works contract service various arguments listed in the grounds of appeal were put forth on behalf of appellant. At this stage, we do not consider i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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