Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Page of 4805
Press 'Enter' after typing page number.
1221 to 1240 of 96092 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT New Delhi ruled on the levy of service tax on income...
CESTAT New Delhi held that service tax on late delivery & non-execution of work as compensation is not applicable as per circular by Department of Revenue.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
CESTAT New Delhi ruled on the levy of service tax on income (compensation received) from late delivery of materials and non-execution of work. The appellant, engaged in electricity generation, was found to have provided a 'declared service' u/s 66E(e) of the Finance Act. The circular by the Department of Revenue clarified that there must be an express or implied agreement for taxable supply to exist, emphasizing the need for consideration in such agreements. The Tribunal's decisions in similar cases supported the appellant, leading to the dismissal of the department's appeal. The Service Tax Appeal by the appellant was allowed.
CESTAT New Delhi ruled on the levy of service tax on income (compensation received) from late delivery of materials and non-execution of work. The appellant, engaged in electricity generation, was found to have provided a 'declared service' u/s 66E(e) of the Finance Act. The circular by the Department of Revenue clarified that there must be an express or implied agreement for taxable supply to exist, emphasizing the need for consideration in such agreements. The Tribunal's decisions in similar cases supported the appellant, leading to the dismissal of the department's appeal. The Service Tax Appeal by the appellant was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
