Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
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.
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