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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The appellant, a telecom service provider, was disallowed CENVAT credit on services related to procurement, transportation, and filling of diesel for DG sets at cell sites, as well as services for dismantling of DG sets and towers. The Tribunal held that the services for procurement, transportation, and filling of diesel qualify as 'input services' as they are necessary for continuous running of DG sets and sustenance of cell sites, which are essential for providing telecom services. Similarly, services for dismantling of DG sets and towers were also held eligible for CENVAT credit as 'input services' used in the course of telecom business. The Tribunal set aside the disallowance of CENVAT credit on these services. Further, it held that extended period of limitation cannot be invoked in the absence of suppression of facts or mala fide intent, and when the issue involves interpretation of statute. Consequently, the demands confirmed by invoking extended period were held unsustainable.
The appellant, a telecom service provider, was disallowed CENVAT credit on services related to procurement, transportation, and filling of diesel for DG sets at cell sites, as well as services for dismantling of DG sets and towers. The Tribunal held that the services for procurement, transportation, and filling of diesel qualify as 'input services' as they are necessary for continuous running of DG sets and sustenance of cell sites, which are essential for providing telecom services. Similarly, services for dismantling of DG sets and towers were also held eligible for CENVAT credit as 'input services' used in the course of telecom business. The Tribunal set aside the disallowance of CENVAT credit on these services. Further, it held that extended period of limitation cannot be invoked in the absence of suppression of facts or mala fide intent, and when the issue involves interpretation of statute. Consequently, the demands confirmed by invoking extended period were held unsustainable.
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