Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Transfer of use of goods with retention of possession and effective control is taxable as Supply of Tangible Goods (STGU) under service tax, not VAT on deemed sale. Appellant's agreement clauses retained effective control and possession of cranes given on hire, thus transaction was STGU despite VAT clause. Non-registration and payment of VAT instead of service tax amounted to misrepresentation and suppression, justifying extended period of limitation. Appeal against service tax demand dismissed by Appellate Tribunal.
Transfer of use of goods with retention of possession and effective control is taxable as Supply of Tangible Goods (STGU) under service tax, not VAT on deemed sale. Appellant's agreement clauses retained effective control and possession of cranes given on hire, thus transaction was STGU despite VAT clause. Non-registration and payment of VAT instead of service tax amounted to misrepresentation and suppression, justifying extended period of limitation. Appeal against service tax demand dismissed by Appellate Tribunal.
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