Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
