Classification of imported salvaged shaft pieces as ship parts confirmed, reassessment time-barred and appeal allowed restoring original classificatio...
Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Section 194-IA did not require aggregation of consideration attributable to multiple co-owners for the year in question, and the Finance Act, 2024 amendment was prospective and inapplicable. Because the amount relatable to each co-owner was below the statutory threshold, the purchaser had no obligation to deduct tax at source under section 194-IA. As no TDS default survived, the assessee could not be treated as an assessee in default under section 201(1), and the consequential interest under section 201(1A) was also unsustainable. The Tribunal followed coordinate bench rulings on the same issue and deleted the demand and interest.
Section 194-IA did not require aggregation of consideration attributable to multiple co-owners for the year in question, and the Finance Act, 2024 amendment was prospective and inapplicable. Because the amount relatable to each co-owner was below the statutory threshold, the purchaser had no obligation to deduct tax at source under section 194-IA. As no TDS default survived, the assessee could not be treated as an assessee in default under section 201(1), and the consequential interest under section 201(1A) was also unsustainable. The Tribunal followed coordinate bench rulings on the same issue and deleted the demand and interest.
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