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...
Page of 4828
Press 'Enter' after typing page number.
161 to 180 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
CESTAT ruled that Set Top Box (STB) supply by Multi-System Operators to customers constitutes deemed sale rather than service, making it ineligible for service tax levy under Finance Act, 1994. The appellant had correctly determined and discharged service tax liability, certified by Chartered Accountant, prior to filing appeal. Following precedent in Dish TV India Limited case, Tribunal held STB provision is a one-time equipment supply activity distinct from DTH services of television channel transmission. The original authority's demand was invalidated for failing to establish specific grounds, while merely relying on UCN Cable Network precedent without proper analysis. Impugned order set aside and appeal allowed, confirming STBs are subject to VAT under State legislature rather than service tax.
CESTAT ruled that Set Top Box (STB) supply by Multi-System Operators to customers constitutes deemed sale rather than service, making it ineligible for service tax levy under Finance Act, 1994. The appellant had correctly determined and discharged service tax liability, certified by Chartered Accountant, prior to filing appeal. Following precedent in Dish TV India Limited case, Tribunal held STB provision is a one-time equipment supply activity distinct from DTH services of television channel transmission. The original authority's demand was invalidated for failing to establish specific grounds, while merely relying on UCN Cable Network precedent without proper analysis. Impugned order set aside and appeal allowed, confirming STBs are subject to VAT under State legislature rather than service tax.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
