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Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
For periods before 14 May 2015, Section 67 of the Finance Act, 1994 confined the taxable value of Customs House Agent services to consideration charged for the taxable service. Rule 5 could not expand that value to include genuine reimbursements of third-party payments, including port, steamer-agent, container freight station, terminal-handling, demurrage and related charges incurred for clients. Recovery of those amounts from clients did not convert them into consideration for CHA services. The later inclusion of reimbursable expenditure in the valuation provision operated prospectively; related service-tax, interest and penalty demands therefore could not stand.
For periods before 14 May 2015, Section 67 of the Finance Act, 1994 confined the taxable value of Customs House Agent services to consideration charged for the taxable service. Rule 5 could not expand that value to include genuine reimbursements of third-party payments, including port, steamer-agent, container freight station, terminal-handling, demurrage and related charges incurred for clients. Recovery of those amounts from clients did not convert them into consideration for CHA services. The later inclusion of reimbursable expenditure in the valuation provision operated prospectively; related service-tax, interest and penalty demands therefore could not stand.
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