Approved gratuity fund provisions remain deductible despite general actual-payment requirements, preventing revision of the allowed gratuity deduction...
Verification of intangible software expenditure and duplicated disallowances requires record-based reassessment before depreciation and income computa...
Cash receipt aggregation requires a single transaction, event or occasion; separate partner capital contributions cannot attract cash-receipt penaltie...
In a dispute over taxable service value for works contracts involving goods and services, CESTAT resolved the valuation controversy. The tribunal affirmed the assessee's method of calculating service tax, where 85% was attributed to goods value and 15% to service component. The decision validated the invoiced value and confirmed VAT payment on goods portion. Relying on prior judicial precedent, the tribunal held that once VAT is paid according to state statutory provisions, the service value cannot be challenged. The appeal was ultimately dismissed, upholding the adjudicating authority's original determination of tax liability based on documentary evidence including chartered accountant certificates.
In a dispute over taxable service value for works contracts involving goods and services, CESTAT resolved the valuation controversy. The tribunal affirmed the assessee's method of calculating service tax, where 85% was attributed to goods value and 15% to service component. The decision validated the invoiced value and confirmed VAT payment on goods portion. Relying on prior judicial precedent, the tribunal held that once VAT is paid according to state statutory provisions, the service value cannot be challenged. The appeal was ultimately dismissed, upholding the adjudicating authority's original determination of tax liability based on documentary evidence including chartered accountant certificates.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4925 
