Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Services rendered by appellant classified as works contract services, attracting service tax liability. Appellant failed to obtain service tax registration and pay applicable service tax, despite being aware of taxability, claiming reliance on consultant's advice. Tribunal rejected this defense, stating intent to evade tax can be inferred from evident violation and non-payment of due taxes. Extended period of limitation u/s 73 and penalty u/s 78 upheld. Partial demand of service tax confirmed, with interest payable and adjustment of amounts already paid. Penalty u/s 78 to be recomputed accordingly. Appeal partly allowed.
Services rendered by appellant classified as works contract services, attracting service tax liability. Appellant failed to obtain service tax registration and pay applicable service tax, despite being aware of taxability, claiming reliance on consultant's advice. Tribunal rejected this defense, stating intent to evade tax can be inferred from evident violation and non-payment of due taxes. Extended period of limitation u/s 73 and penalty u/s 78 upheld. Partial demand of service tax confirmed, with interest payable and adjustment of amounts already paid. Penalty u/s 78 to be recomputed accordingly. Appeal partly allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
