Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
CESTAT, an Appellate Tribunal, addressed the taxability of Unincorporated Joint Ventures involving revenue sharing arrangements and support services of business or commerce (BSS). The appellant provided cinema hall and infrastructure to a distributor for movie exhibition, without paying appropriate service tax. Referring to precedents like PVS Multiplex and Inox Leisure, the Tribunal held that service tax cannot be imposed on the appellant u/s BSS. The Supreme Court upheld this view, affirming the Tribunal's correctness. The case is now with the Division Bench for appeal decision.
CESTAT, an Appellate Tribunal, addressed the taxability of Unincorporated Joint Ventures involving revenue sharing arrangements and support services of business or commerce (BSS). The appellant provided cinema hall and infrastructure to a distributor for movie exhibition, without paying appropriate service tax. Referring to precedents like PVS Multiplex and Inox Leisure, the Tribunal held that service tax cannot be imposed on the appellant u/s BSS. The Supreme Court upheld this view, affirming the Tribunal's correctness. The case is now with the Division Bench for appeal decision.
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