Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Renting services in the precincts of a religious place were considered for exemption under Notification No. 25/2012-ST, and the exemption claim was remanded to the Original Authority for fresh adjudication in accordance with law and the relevant Board circular. In valuation, the Tribunal held that where the Revenue does not show that service tax was separately collected, the gross consideration must be treated as cum-tax under Section 67(2), and the tax liability must be recomputed accordingly. On penalty and limitation, the absence of material showing suppression or intent to evade meant Section 78 penalty could not stand, and the demand could survive only for the normal period of limitation.
Renting services in the precincts of a religious place were considered for exemption under Notification No. 25/2012-ST, and the exemption claim was remanded to the Original Authority for fresh adjudication in accordance with law and the relevant Board circular. In valuation, the Tribunal held that where the Revenue does not show that service tax was separately collected, the gross consideration must be treated as cum-tax under Section 67(2), and the tax liability must be recomputed accordingly. On penalty and limitation, the absence of material showing suppression or intent to evade meant Section 78 penalty could not stand, and the demand could survive only for the normal period of limitation.
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