https://www.taxtmi.com/caselaws?id=432643 The Tribunal ruled in favor of the appellant, M/s Reliance Mediaworks Ltd, in a dispute over tax liability on a revenue-sharing arrangement in the exhibition of cinematographic films. The Tribunal found that the entities involved in the arrangement were rendering services on a 'principal-to-principal' basis, not as partners, and therefore, the tax liability fell on the constituent members based on the nature of the transaction. Citing relevant circulars and legal precedents, the Tribunal set aside the tax authorities' order and allowed the appeal, concluding that no service tax could be levied on the appellant under Business Support Service. en-us Thu, 22 Dec 2022 00:00:00 +0530 Wed, 11 Jan 2023 08:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432643 The Tribunal ruled in favor of the appellant, M/s Reliance Mediaworks Ltd, in a dispute over tax liability on a revenue-sharing arrangement in the exhibition of cinematographic films. The Tribunal found that the entities involved in the arrangement were rendering services on a 'principal-to-principal' basis, not as partners, and therefore, the tax liability fell on the constituent members based on the nature of the transaction. Citing relevant circulars and legal precedents, the Tribunal set aside the tax authorities' order and allowed the appeal, concluding that no service tax could be levied on the appellant under Business Support Service. Case-Laws Service Tax Thu, 22 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432643