Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
CESTAT held that the consideration for transfer of transferable development rights (TDR) constitutes income from sale of development rights and falls within the ambit of Section 65(B)(44), but such TDR amounts to an interest in immovable property and thus attracts the exclusion in Section 65(B)(44)(a)(i); the tribunal found the collaboration agreement evidenced an ultimate transfer of land/title, placing the transaction outside the levy of service tax. The impugned assessment/order was quashed and the appeal allowed, with no requirement to adjudicate remaining contentions.
CESTAT held that the consideration for transfer of transferable development rights (TDR) constitutes income from sale of development rights and falls within the ambit of Section 65(B)(44), but such TDR amounts to an interest in immovable property and thus attracts the exclusion in Section 65(B)(44)(a)(i); the tribunal found the collaboration agreement evidenced an ultimate transfer of land/title, placing the transaction outside the levy of service tax. The impugned assessment/order was quashed and the appeal allowed, with no requirement to adjudicate remaining contentions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
