Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
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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