Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
CESTAT adjudicated a service tax dispute involving a business correspondent's tax liability. The tribunal held that the appellant was eligible for exemption under entry 29(g) for services provided to rural banking branches during 01.04.2015 to 30.06.2017. No short payment of service tax was found for services to Rajcomp Info Services Ltd. The extended period of limitation was deemed non-invocable, and most penalties were set aside, with only a Rs.10,000 penalty under Section 77(2) upheld for non-filing of service tax returns. The tribunal effectively reduced the original tax demand, finding the appellant's actions were in good faith and not intentionally evasive.
CESTAT adjudicated a service tax dispute involving a business correspondent's tax liability. The tribunal held that the appellant was eligible for exemption under entry 29(g) for services provided to rural banking branches during 01.04.2015 to 30.06.2017. No short payment of service tax was found for services to Rajcomp Info Services Ltd. The extended period of limitation was deemed non-invocable, and most penalties were set aside, with only a Rs.10,000 penalty under Section 77(2) upheld for non-filing of service tax returns. The tribunal effectively reduced the original tax demand, finding the appellant's actions were in good faith and not intentionally evasive.
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