Service Tax on Renting – Judgement Reserved
THE Delhi High Court has received the judgement in the Home Solutions case after petitioners argued the rejoinder. Three Member Larger Bench comprising of CJ Dipak Misra, Justice Sanjeev Khanna & Justice Sikri, heard the submissions by way of rejoinder from Sr. Counsels Abhishek Manu Singhvi S. Ganesh; PK Sahu, Advocate (a former IRS officer) also argued.
Judgement has been reserved followed by marathon arguments stretching over many sessions. As of now three High Courts have held in favour of Revenue and none against on this issue.
Once the judgement is pronounced, battle will shift to Supreme Court.
This is a high stake Rs.35000-crore matter battled out in the court room almost single handed by ASG Chandiok, against a battery of highly paid senior lawyers.