https://www.taxtmi.com/caselaws?id=757349 The CESTAT Mumbai held that revenue-sharing arrangements between theatre owners and distributors are not taxable under the Finance Act, 1994. The appellant challenged the misconstruction of agreements and inappropriate reliance on the 2011 circular while disregarding 2009 instructions. The tribunal found that constitutional restrictions prohibit levying tax on film screening, and the fictional conception of a joint venture entity cannot bring box office collections within the tax net. Following precedent from a similar case, the tribunal ruled that the demand and penalty in the impugned order lacked legal basis and must be set aside. Appeal was allowed. en-us Mon, 19 Aug 2024 00:00:00 +0530 Fri, 23 Aug 2024 08:14:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757349 The CESTAT Mumbai held that revenue-sharing arrangements between theatre owners and distributors are not taxable under the Finance Act, 1994. The appellant challenged the misconstruction of agreements and inappropriate reliance on the 2011 circular while disregarding 2009 instructions. The tribunal found that constitutional restrictions prohibit levying tax on film screening, and the fictional conception of a joint venture entity cannot bring box office collections within the tax net. Following precedent from a similar case, the tribunal ruled that the demand and penalty in the impugned order lacked legal basis and must be set aside. Appeal was allowed. Case-Laws Service Tax Mon, 19 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757349