Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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This case relates to the classification of services provided by the appellant, who hired out two 45-seater buses to ONGC for transportation purposes in Assam and parts of the North-Eastern Region. The key points are: The appellant retained ownership and possession of the vehicles during the contract period, and the vehicles were provided for 24/12 hour duty with payments based on kilometer, duration, and mileage. The Tribunal held that the service rendered was transportation and not rent-a-cab service, as in rent-a-cab service, ownership and possession are temporarily transferred to the hirer, which was not the case here. The Tribunal relied on precedents and concluded that the demand for service tax under the 'rent-a-cab service' category was unsustainable, and consequently, the interest and penalty demands were also set aside. The appeal was allowed.
This case relates to the classification of services provided by the appellant, who hired out two 45-seater buses to ONGC for transportation purposes in Assam and parts of the North-Eastern Region. The key points are: The appellant retained ownership and possession of the vehicles during the contract period, and the vehicles were provided for 24/12 hour duty with payments based on kilometer, duration, and mileage. The Tribunal held that the service rendered was transportation and not rent-a-cab service, as in rent-a-cab service, ownership and possession are temporarily transferred to the hirer, which was not the case here. The Tribunal relied on precedents and concluded that the demand for service tax under the 'rent-a-cab service' category was unsustainable, and consequently, the interest and penalty demands were also set aside. The appeal was allowed.
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