Co-operative society's mandatory reserve and share capital fixed deposits with banks-interest treated as business income under 80P(2)(a)(iii) deductio...
Income tax reassessment reopening after four years on investigation tip, without s.147 proviso disclosure failure, struck down as borrowed satisfactio...
CESTAT dismissed the appeal, upholding service tax liability on the appellant for works contract services rendered to a Krishi Upaj Mandi Samiti. The Tribunal held that, though constituted under a State enactment, the Samiti does not qualify as a "Government authority" under Notification No. 25/2012-ST (as amended), when read with Article 243W and the Twelfth Schedule, and thus services provided to it are not per se exempt. Exemption under Sl. No. 12(e) was denied as the activities did not fall within the notified categories. Exemption under Sl. No. 13(a) was also rejected since the roads constructed were not for use by the general public but within restricted residential/other complexes.
CESTAT dismissed the appeal, upholding service tax liability on the appellant for works contract services rendered to a Krishi Upaj Mandi Samiti. The Tribunal held that, though constituted under a State enactment, the Samiti does not qualify as a "Government authority" under Notification No. 25/2012-ST (as amended), when read with Article 243W and the Twelfth Schedule, and thus services provided to it are not per se exempt. Exemption under Sl. No. 12(e) was denied as the activities did not fall within the notified categories. Exemption under Sl. No. 13(a) was also rejected since the roads constructed were not for use by the general public but within restricted residential/other complexes.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
