Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Tribunal held that cost of facilities provided by service recipient to Central Industrial Security Force for rendering security services, such as barrack accommodation, medical expenses, lease accommodation, telephone charges, vehicle hiring, stationery, miscellaneous expenses, is not includible in gross value for service tax u/s 67 of Finance Act, 1994. Relying on Supreme Court's decision in Bhayana Builders, Tribunal ruled that free supplies do not form part of total value for service tax. Consequently, demand of service tax on such facilities was set aside.
Tribunal held that cost of facilities provided by service recipient to Central Industrial Security Force for rendering security services, such as barrack accommodation, medical expenses, lease accommodation, telephone charges, vehicle hiring, stationery, miscellaneous expenses, is not includible in gross value for service tax u/s 67 of Finance Act, 1994. Relying on Supreme Court's decision in Bhayana Builders, Tribunal ruled that free supplies do not form part of total value for service tax. Consequently, demand of service tax on such facilities was set aside.
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