Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
The CESTAT held that the agreements between the appellant (a builder/developer) and prospective buyers for construction of residential units are to be treated as works contracts, which were not taxable prior to 1.7.2010. Even if classified as "construction of complex" services, abatement would apply, making them composite works contracts. The demand of service tax is time-barred and not sustainable. The penalty on the appellant firm's partner u/s 78A is also not sustainable since the main demand is set aside. The appeal is allowed, setting aside the impugned order.
The CESTAT held that the agreements between the appellant (a builder/developer) and prospective buyers for construction of residential units are to be treated as works contracts, which were not taxable prior to 1.7.2010. Even if classified as "construction of complex" services, abatement would apply, making them composite works contracts. The demand of service tax is time-barred and not sustainable. The penalty on the appellant firm's partner u/s 78A is also not sustainable since the main demand is set aside. The appeal is allowed, setting aside the impugned order.
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