https://www.taxtmi.com/caselaws?id=448908 The dominant issue was whether mere holding of shares by a foreign holding company in its Indian subsidiary constitutes a "supply of service" taxable under SAC 997171 and whether the impugned order could be sustained. Relying on Central and State Government circulars issued during the writ, which clarified that holding of shares in a subsidiary cannot be treated or classified as a supply of service, the HC held that the authority's contrary view lacked jurisdiction and legal basis, rendering the order illegal and arbitrary. Consequently, the impugned order was quashed and the writ petition was allowed. en-us Thu, 18 Jan 2024 00:00:00 +0530 Mon, 29 Dec 2025 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448908 The dominant issue was whether mere holding of shares by a foreign holding company in its Indian subsidiary constitutes a "supply of service" taxable under SAC 997171 and whether the impugned order could be sustained. Relying on Central and State Government circulars issued during the writ, which clarified that holding of shares in a subsidiary cannot be treated or classified as a supply of service, the HC held that the authority's contrary view lacked jurisdiction and legal basis, rendering the order illegal and arbitrary. Consequently, the impugned order was quashed and the writ petition was allowed. Case-Laws GST Thu, 18 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448908