Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Liability for service tax u/s 66E of the Finance Act for 'tolerating an act' - Notice Pay, i.e., amount recovered from an employee for quitting before the prescribed period, is not liable to service tax. This is based on the decision in C.S.T. -SERVICE TAX - AHMEDABAD VERSUS INTAS PHARMACEUTICALS [2021 (6) TMI 906 - CESTAT AHMEDABAD], where it was held that the amount recovered from an employee for quitting without serving the notice period is not subject to service tax. Consequently, the impugned order is unsustainable, and the appeal is allowed.
Liability for service tax u/s 66E of the Finance Act for 'tolerating an act' - Notice Pay, i.e., amount recovered from an employee for quitting before the prescribed period, is not liable to service tax. This is based on the decision in C.S.T. -SERVICE TAX - AHMEDABAD VERSUS INTAS PHARMACEUTICALS [2021 (6) TMI 906 - CESTAT AHMEDABAD], where it was held that the amount recovered from an employee for quitting without serving the notice period is not subject to service tax. Consequently, the impugned order is unsustainable, and the appeal is allowed.
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