Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Levy of service tax - body corporate - interest income under the head “Lease and Equipment Finance Income” - interest income-rental - interest income-funding - The Tribunal found that the service tax demand, interest, and penalties were based on a misinterpretation of the nature of transactions undertaken by the appellant. Teh CESTAT held that the appellant's services did not strictly fall within the definition of “banking and other financial services” as they did not provide financial leasing in the manner defined under the Act.
Levy of service tax - body corporate - interest income under the head “Lease and Equipment Finance Income” - interest income-rental - interest income-funding - The Tribunal found that the service tax demand, interest, and penalties were based on a misinterpretation of the nature of transactions undertaken by the appellant. Teh CESTAT held that the appellant's services did not strictly fall within the definition of “banking and other financial services” as they did not provide financial leasing in the manner defined under the Act.
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