Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
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Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
Levy of service tax - business support service - making facility to the customers to book online tickets of movies and other shows - The Appellate Tribunal found that the appellant did not receive any consideration from the card companies for providing business support services. Since no invoices were raised by the appellant against the services rendered to the card companies, the Tribunal concluded that no consideration was received. This aligned with the principle that consideration must be present for a service to be taxed. The Tribunal observed that the appellant had not retained any amount received from the card companies. Instead, these amounts were intended to be paid to cinema houses. Therefore, the Tribunal set aside the impugned order and allowed the appeal.
Levy of service tax - business support service - making facility to the customers to book online tickets of movies and other shows - The Appellate Tribunal found that the appellant did not receive any consideration from the card companies for providing business support services. Since no invoices were raised by the appellant against the services rendered to the card companies, the Tribunal concluded that no consideration was received. This aligned with the principle that consideration must be present for a service to be taxed. The Tribunal observed that the appellant had not retained any amount received from the card companies. Instead, these amounts were intended to be paid to cinema houses. Therefore, the Tribunal set aside the impugned order and allowed the appeal.
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