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...
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CESTAT determined that TASMAC's license fee issuance constitutes a statutory function exempt from service tax. Based on prior tribunal precedent, the court held that services related to licensing contractors within the bar industry fall under the negative list of services. Consequently, no service tax liability exists for the period from 29.03.2013 onwards under Section 65B(44) of the Finance Act, 1994. The tribunal's previous ruling was applied consistently, resulting in the appeal being allowed and affirming the tax exemption for the specified statutory licensing activities.
CESTAT determined that TASMAC's license fee issuance constitutes a statutory function exempt from service tax. Based on prior tribunal precedent, the court held that services related to licensing contractors within the bar industry fall under the negative list of services. Consequently, no service tax liability exists for the period from 29.03.2013 onwards under Section 65B(44) of the Finance Act, 1994. The tribunal's previous ruling was applied consistently, resulting in the appeal being allowed and affirming the tax exemption for the specified statutory licensing activities.
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