Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
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HC held that the impugned order dated 24.11.2021 is quashed and the case remanded to the first respondent. The respondent must determine the value of services provided by equipment supply under Section 67 of Finance Act, 1994 and Service Tax (Determination of Value) Rules, 2006 within 30 days. The case involves two distinctive services - franchise service and equipment lending - with tax implications post-01.07.2012. The original order's reliance on education guide and decisions was deemed insufficient, necessitating a fresh evaluation of service valuation without invoking extended limitation period.
HC held that the impugned order dated 24.11.2021 is quashed and the case remanded to the first respondent. The respondent must determine the value of services provided by equipment supply under Section 67 of Finance Act, 1994 and Service Tax (Determination of Value) Rules, 2006 within 30 days. The case involves two distinctive services - franchise service and equipment lending - with tax implications post-01.07.2012. The original order's reliance on education guide and decisions was deemed insufficient, necessitating a fresh evaluation of service valuation without invoking extended limitation period.
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