Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
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The demand of service tax on 'Other Expenses' and 'Extra Hour Service Charges' for 2009-10 to 2012-13 was set aside, as incidental reimbursements are excluded from taxable value under Rule 5 of the Service Tax (Determination of Value) Rules, 2006, consistent with the Supreme Court's ruling that such reimbursements are taxable only post-May 14, 2015. Interest on delayed service tax payment for renting of immovable property services was also quashed due to bona fide dispute and judicial pronouncements negating levy during the relevant period. However, interest on delayed payment for Maintenance or Repair Services was upheld due to non-submission by the appellant. The extended limitation period was not invoked owing to absence of fraud or suppression, leading to cancellation of penalties imposed for suppression. The penalty under Section 77 for failure to register for Renting of Immovable Property Services was sustained. The appeal was accordingly disposed of.
The demand of service tax on 'Other Expenses' and 'Extra Hour Service Charges' for 2009-10 to 2012-13 was set aside, as incidental reimbursements are excluded from taxable value under Rule 5 of the Service Tax (Determination of Value) Rules, 2006, consistent with the Supreme Court's ruling that such reimbursements are taxable only post-May 14, 2015. Interest on delayed service tax payment for renting of immovable property services was also quashed due to bona fide dispute and judicial pronouncements negating levy during the relevant period. However, interest on delayed payment for Maintenance or Repair Services was upheld due to non-submission by the appellant. The extended limitation period was not invoked owing to absence of fraud or suppression, leading to cancellation of penalties imposed for suppression. The penalty under Section 77 for failure to register for Renting of Immovable Property Services was sustained. The appeal was accordingly disposed of.
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