Money laundering property attachment and third-party encumbrance rights clarified; prior bona fide interests enforceable before confiscation, appeals ...
Profiteering in construction services for failure to pass input tax credit resulted in repayment exceeding the commensurate benefit and closure of pro...
Grant-in-aid received under a government scheme for setting up and modernising a rice milling unit was treated as reimbursement of capital expenditure already incurred, not as consideration for any taxable service. The Tribunal found no service provider-recipient relationship, no evidence of any knowhow or intellectual property being created and transferred, and no contractual counter-obligation arising from the grant conditions. In the absence of consideration for a service, the amount was held outside service tax under the Finance Act, 1994. The demand for tax, interest and penalty was therefore set aside, following earlier decisions treating grant-in-aid or reimbursement, without anything over and above the grant, as non-taxable.
Grant-in-aid received under a government scheme for setting up and modernising a rice milling unit was treated as reimbursement of capital expenditure already incurred, not as consideration for any taxable service. The Tribunal found no service provider-recipient relationship, no evidence of any knowhow or intellectual property being created and transferred, and no contractual counter-obligation arising from the grant conditions. In the absence of consideration for a service, the amount was held outside service tax under the Finance Act, 1994. The demand for tax, interest and penalty was therefore set aside, following earlier decisions treating grant-in-aid or reimbursement, without anything over and above the grant, as non-taxable.
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