Business upkeep expenses despite no revenue, director's interest-free advances, and property gift additions-disallowances and notional interest delete...
Insolvency resolution plan's loan assignment between approving and dissenting creditors: post-approval redistribution blocked; original distribution e...
Tax treatment of internet advertising and sale of IT goods: appellant sold online ad space and operated e-commerce sites, believed these services fell under the negative list and therefore did not register or pay service tax; electronic invoices were produced. Because the appellant later disclosed the full nature of activities when seeking registration and had a bona fide belief in non-taxability, the extended limitation period based on alleged suppression was held inapplicable and the retrospective demand was set aside; electronic invoices treated as valid evidence; appeal allowed.
Tax treatment of internet advertising and sale of IT goods: appellant sold online ad space and operated e-commerce sites, believed these services fell under the negative list and therefore did not register or pay service tax; electronic invoices were produced. Because the appellant later disclosed the full nature of activities when seeking registration and had a bona fide belief in non-taxability, the extended limitation period based on alleged suppression was held inapplicable and the retrospective demand was set aside; electronic invoices treated as valid evidence; appeal allowed.
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