Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Failure by a registered service provider to file ST-3 returns, disclose gross and exempt receipts, or provide requested records is described as deliberate suppression of taxable receipts with intent to evade service tax. The notes state that exemptions, abatements and deductions must be claimed through prescribed returns, and a taxpayer cannot benefit from its own breach of statutory obligations. Where the provider does not dispute the provision or taxability of works contract services and fails to respond to departmental requests, the extended limitation period may be invoked independently of information received from the Income Tax Department. The text further states that the modified service tax demand and the related penalty for suppression were sustained.
Failure by a registered service provider to file ST-3 returns, disclose gross and exempt receipts, or provide requested records is described as deliberate suppression of taxable receipts with intent to evade service tax. The notes state that exemptions, abatements and deductions must be claimed through prescribed returns, and a taxpayer cannot benefit from its own breach of statutory obligations. Where the provider does not dispute the provision or taxability of works contract services and fails to respond to departmental requests, the extended limitation period may be invoked independently of information received from the Income Tax Department. The text further states that the modified service tax demand and the related penalty for suppression were sustained.
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