Shaji P. Chaly, J.

This revision is preferred by the assessee against the order dated 29.06.2012 in T.A.No.(VAT) No.974/2011 of the Kerala Value Added Tax Appellate Tribunal, Ernakulam. The Appellate Tribunal dismissed the appeal preferred by the revision petitioner and affirmed the order passed by the 1st Appellate Authority.

2. Brief facts relevant for the disposal of the revision are stated hereunder: The revision petitioner is a partnership firm engaged in the business of outdoor marketing media at Kottayam. The advertisements are displayed in hoardings for the above purpose. The appellant acquires land on lease in various places in the State of Kerala, and structures are erected on the property taken on lease. Thereafter, hoardings are fixed on this structure and it is let out to various companies for advertising their products. The revision petitioner receives rental charges for letting out the hoardings. During the year 2007-2008, the revision petitioner received rental charges amounting to Rs.36,70,983/-.

3. The Assessing Officer held that the revision petitioner is liable to pay tax under the Kerala Value Added Tax Act, 2003 (hereinafter 'the Act' for short), on rental