Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
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...
Levy of service tax - The appellate tribunal addressed various issues raised by the appellant concerning service tax demands and CENVAT credit disallowances. They found that certain activities, such as transportation services, were wrongly classified under "Mining Services" and "Business Auxiliary Services" and should instead fall under "Goods Transport Agency Services." Consequently, they set aside the service tax demands related to these activities. Regarding CENVAT credit disallowances, the tribunal upheld the denial on tippers but remanded the matter of MS channel and angle usage for further examination.
Levy of service tax - The appellate tribunal addressed various issues raised by the appellant concerning service tax demands and CENVAT credit disallowances. They found that certain activities, such as transportation services, were wrongly classified under "Mining Services" and "Business Auxiliary Services" and should instead fall under "Goods Transport Agency Services." Consequently, they set aside the service tax demands related to these activities. Regarding CENVAT credit disallowances, the tribunal upheld the denial on tippers but remanded the matter of MS channel and angle usage for further examination.
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