Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
CESTAT allowed the appeal, setting aside service tax demands predicated solely on Form 26AS without substantive evidence of service provision. The tribunal consistently held that mere third-party financial data cannot constitute sufficient grounds for tax recovery. The department failed to demonstrate actual service rendering, nature of services, or recipient details. Accordingly, the tax demand was invalidated, emphasizing the procedural requirement of establishing concrete service delivery before imposing tax liability. The ruling reinforces judicial precedent requiring comprehensive evidentiary substantiation for tax assessments beyond documentary financial records.
CESTAT allowed the appeal, setting aside service tax demands predicated solely on Form 26AS without substantive evidence of service provision. The tribunal consistently held that mere third-party financial data cannot constitute sufficient grounds for tax recovery. The department failed to demonstrate actual service rendering, nature of services, or recipient details. Accordingly, the tax demand was invalidated, emphasizing the procedural requirement of establishing concrete service delivery before imposing tax liability. The ruling reinforces judicial precedent requiring comprehensive evidentiary substantiation for tax assessments beyond documentary financial records.
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