Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Revenue-sharing arrangements with hospitals and Jamia Hamdard were treated as a joint venture with defined reciprocal obligations, so the appellant was not found to be rendering an independent taxable service to the other contracting party. Applying its earlier hospital-based decisions, the CESTAT held that the income from patients was shared under a common commercial arrangement and did not attract service tax on a principal-to-principal service basis. The service tax demand, interest and penalty were set aside, with consequential relief granted.
Revenue-sharing arrangements with hospitals and Jamia Hamdard were treated as a joint venture with defined reciprocal obligations, so the appellant was not found to be rendering an independent taxable service to the other contracting party. Applying its earlier hospital-based decisions, the CESTAT held that the income from patients was shared under a common commercial arrangement and did not attract service tax on a principal-to-principal service basis. The service tax demand, interest and penalty were set aside, with consequential relief granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
