Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The case involved the levy of service tax on remuneration to the Vice-Chairman cum Managing Director (VCMD). The issue was whether the VCMD was an employee of the company or providing services to it. The Appellate Tribunal held that the VCMD, appointed by the Board, was considered a key managerial person under the Companies Act, 2013. As a Managing Director, he was an employee of the company, entitled to remuneration and commission. His role as Managing Director did not fall under the definition of "service" for tax purposes. The Tribunal set aside the order, allowing the appeal.
The case involved the levy of service tax on remuneration to the Vice-Chairman cum Managing Director (VCMD). The issue was whether the VCMD was an employee of the company or providing services to it. The Appellate Tribunal held that the VCMD, appointed by the Board, was considered a key managerial person under the Companies Act, 2013. As a Managing Director, he was an employee of the company, entitled to remuneration and commission. His role as Managing Director did not fall under the definition of "service" for tax purposes. The Tribunal set aside the order, allowing the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
