Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
CESTAT adjudicated a service tax dispute involving a governmental authority's tax liability. The tribunal rejected the appellant's claims of exemption under Notification No.25/2012-ST, finding no merit in their arguments about agricultural extension services. The tribunal determined that the appellant deliberately suppressed service tax information in ST-3 returns, warranting invocation of extended limitation period. The tribunal found the appellant's services taxable under the Finance Act, 1994, and upheld penalties under Sections 77 and 78. Ultimately, the appeal was partially allowed, with the case remanded to the original authority to recompute tax demand while allowing cum tax benefit, recognizing that service tax was not separately collected from service recipients.
CESTAT adjudicated a service tax dispute involving a governmental authority's tax liability. The tribunal rejected the appellant's claims of exemption under Notification No.25/2012-ST, finding no merit in their arguments about agricultural extension services. The tribunal determined that the appellant deliberately suppressed service tax information in ST-3 returns, warranting invocation of extended limitation period. The tribunal found the appellant's services taxable under the Finance Act, 1994, and upheld penalties under Sections 77 and 78. Ultimately, the appeal was partially allowed, with the case remanded to the original authority to recompute tax demand while allowing cum tax benefit, recognizing that service tax was not separately collected from service recipients.
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