Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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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