Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
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Classification of service - The CESTAT concluded that, the activities under the Raising Agreement were comprehensive, extending beyond mere production or processing of goods. They were integral to mining operations, encompassing exploration, development, excavation, extraction, and ancillary services necessary for mining. Hence, they were distinct from the services envisaged under BAS. - The tribunal favored a specific over a general classification, aligning with principles outlined in Section 65A of the Finance Act, 1994. It found that the services rendered by the appellant were more aptly classified under "Mining of Mineral, Oil or Gas" services, a category specifically introduced into the Finance Act in 2007.
Classification of service - The CESTAT concluded that, the activities under the Raising Agreement were comprehensive, extending beyond mere production or processing of goods. They were integral to mining operations, encompassing exploration, development, excavation, extraction, and ancillary services necessary for mining. Hence, they were distinct from the services envisaged under BAS. - The tribunal favored a specific over a general classification, aligning with principles outlined in Section 65A of the Finance Act, 1994. It found that the services rendered by the appellant were more aptly classified under "Mining of Mineral, Oil or Gas" services, a category specifically introduced into the Finance Act in 2007.
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