Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
Taxability of notice period recovery / pay - Declared Service or not - Department was of the opinion that the said amount is towards agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act - In a significant ruling by the CESTAT New Delhi, the Tribunal set aside the demand for service tax on notice period payments made by employees. The Tribunal's decision hinged on the interpretation that such payments do not constitute a 'Declared Service' under the existing legal framework of the Finance Act. This judgement aligns with previous rulings that have similarly found that compensations related to premature termination of employment are not taxable services.
Taxability of notice period recovery / pay - Declared Service or not - Department was of the opinion that the said amount is towards agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act - In a significant ruling by the CESTAT New Delhi, the Tribunal set aside the demand for service tax on notice period payments made by employees. The Tribunal's decision hinged on the interpretation that such payments do not constitute a 'Declared Service' under the existing legal framework of the Finance Act. This judgement aligns with previous rulings that have similarly found that compensations related to premature termination of employment are not taxable services.
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