Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
CESTAT held that the construction services rendered by the appellant to a State power corporation for Almatti Dam Power House and appurtenant structures formed an integral part of dam construction and were therefore excluded from the levy of service tax under the relevant exemption. The impugned order denying exemption was set aside on merits. However, as the appellant had voluntarily paid service tax under the respective service heads pursuant to audit observations, CESTAT held that any refund could only be claimed in accordance with Section 11B of the Central Excise Act, 1944, as applied to service tax, including the statutory limitation period. The appeal was allowed on merits and the original authority was directed to process the refund in terms of Section 11B(5)(ec).
CESTAT held that the construction services rendered by the appellant to a State power corporation for Almatti Dam Power House and appurtenant structures formed an integral part of dam construction and were therefore excluded from the levy of service tax under the relevant exemption. The impugned order denying exemption was set aside on merits. However, as the appellant had voluntarily paid service tax under the respective service heads pursuant to audit observations, CESTAT held that any refund could only be claimed in accordance with Section 11B of the Central Excise Act, 1944, as applied to service tax, including the statutory limitation period. The appeal was allowed on merits and the original authority was directed to process the refund in terms of Section 11B(5)(ec).
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
