Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
The case involved the levy of service tax on various services provided by the appellant. The Appellate Tribunal held that the appellant, as a provider of business auxiliary services related to the distribution of mutual funds, was not liable to pay service tax as per Rule 2(1)(d)(vi) of Service Tax Rules. The Tribunal also ruled that the sale of space for advertising in the magazine published by the appellant was not taxable as it fell under the exclusion category of print media. Additionally, the training provided by the appellant to sub-distributors for selling mutual funds was considered vocational training and exempt from service tax under Notification No. 24/2004-ST. The Tribunal set aside the demand for service tax, and the appeal was allowed.
The case involved the levy of service tax on various services provided by the appellant. The Appellate Tribunal held that the appellant, as a provider of business auxiliary services related to the distribution of mutual funds, was not liable to pay service tax as per Rule 2(1)(d)(vi) of Service Tax Rules. The Tribunal also ruled that the sale of space for advertising in the magazine published by the appellant was not taxable as it fell under the exclusion category of print media. Additionally, the training provided by the appellant to sub-distributors for selling mutual funds was considered vocational training and exempt from service tax under Notification No. 24/2004-ST. The Tribunal set aside the demand for service tax, and the appeal was allowed.
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