SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Appellant not liable for service tax under 'Business Support Service' category as it exported its own goods, not providing support services to another entity. CENVAT credit on club membership fees allowed as meetings organized for sales promotion activities. Suo-moto re-credit to CENVAT account without documentary evidence not permissible. No penalty imposable as tax paid before show cause notice. Demand barred by limitation as periodical audits conducted. Impugned order set aside, appeal allowed.
Appellant not liable for service tax under 'Business Support Service' category as it exported its own goods, not providing support services to another entity. CENVAT credit on club membership fees allowed as meetings organized for sales promotion activities. Suo-moto re-credit to CENVAT account without documentary evidence not permissible. No penalty imposable as tax paid before show cause notice. Demand barred by limitation as periodical audits conducted. Impugned order set aside, appeal allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4888 
