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Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
CESTAT held that the demand for service tax on amounts received up to 30.06.2012 from the State-affiliated urban improvement trust cannot be sustained because the trust did not fall within the statutory definition of "person" operative before 01.07.2012; accordingly that portion of the demand was set aside. For the period July 2012-March 2015 the Tribunal upheld the demand, finding the trust's sale of EWS/LIG flats to be a commercial supply not covered by the notified exemption and that the appellant was not entitled to reliance on Notification No.25/2012; however, taxable events were to be quantified by dates of payment under the continuous-supply principle. Extended-period invocation was rejected and penalties were set aside; the impugned order was modified and the appeal allowed.
CESTAT held that the demand for service tax on amounts received up to 30.06.2012 from the State-affiliated urban improvement trust cannot be sustained because the trust did not fall within the statutory definition of "person" operative before 01.07.2012; accordingly that portion of the demand was set aside. For the period July 2012-March 2015 the Tribunal upheld the demand, finding the trust's sale of EWS/LIG flats to be a commercial supply not covered by the notified exemption and that the appellant was not entitled to reliance on Notification No.25/2012; however, taxable events were to be quantified by dates of payment under the continuous-supply principle. Extended-period invocation was rejected and penalties were set aside; the impugned order was modified and the appeal allowed.
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