Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
CESTAT upheld the service tax demand against a non-banking financial company for collection of receivables, classifying the service under "banking and other financial services" rather than "collection agency services". The Tribunal confirmed the Principal Commissioner's jurisdiction to issue show-cause notices, validated the tax assessment using weighted average method, and determined that the collection charges constituted taxable consideration. While rejecting additional claims regarding liquidity facility taxation, the Tribunal found the valuation method reasonable and dismissed both the appellant's and Revenue's appeals, maintaining the original tax assessment.
CESTAT upheld the service tax demand against a non-banking financial company for collection of receivables, classifying the service under "banking and other financial services" rather than "collection agency services". The Tribunal confirmed the Principal Commissioner's jurisdiction to issue show-cause notices, validated the tax assessment using weighted average method, and determined that the collection charges constituted taxable consideration. While rejecting additional claims regarding liquidity facility taxation, the Tribunal found the valuation method reasonable and dismissed both the appellant's and Revenue's appeals, maintaining the original tax assessment.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
