Tax deduction compliance and payee income recognition govern consultancy disallowance, while no exempt income prevents related expenditure disallowanc...
Derivative abetment liability fails when correctly declared imported components establish no underlying improper importation by the principal importer...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
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Classification of service - Services in relation to providing vehicles to associates, in course of its business activities - The Tribunal found that the services related to vehicle sales and incentives did not constitute 'Business Auxiliary Services' as defined under the Finance Act. It reasoned that discounts and incentives are a reduction in purchase price and do not represent consideration for services rendered to the vehicle manufacturers. This was supported by several precedents which established that such incentives are akin to trade discounts and not taxable services.
Classification of service - Services in relation to providing vehicles to associates, in course of its business activities - The Tribunal found that the services related to vehicle sales and incentives did not constitute 'Business Auxiliary Services' as defined under the Finance Act. It reasoned that discounts and incentives are a reduction in purchase price and do not represent consideration for services rendered to the vehicle manufacturers. This was supported by several precedents which established that such incentives are akin to trade discounts and not taxable services.
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