AAR: Leasehold-right assignment by Corporate Debtor, not a sub-lease, but a miscellaneous service, taxable at 18%

West Bengal AAR rules on transactions in relation to assets under liquidation in terms of order passed by NCLT under Insolvency & Bankruptcy Code, 2016 wherein applicant has been admitted as a corporate debtor: Holds that activity of assignment of asset, i.e. leasehold factory unit with car parking space leased by West Bengal Development Corporation Corporation (sub-lessor to corporate debtor) is a service taxable as ‘Other Miscellaneous Service’ (SAC 999792...