International Tax Ruling


Quashes ST levy on royalty paid by Reliance to Govt under Production Sharing Contract

CESTAT, Mumbai sets aside order imposing service tax on Reliance Industries on royalty paid to Govt of India under the Production Sharing Contract (PSC) in pursuance of New Exploration Licensing Polic...View More

Revenue’s due during liquidation to follow waterfall mechanism under IBC, 2016 

SC holds that “dues of the Central Board of Indirect Taxes & Customs, Department of Revenue will be paid as per the waterfall stipulated under Section 53 of the Insolvency and Bankruptcy Cod...View More

Dismisses Revenue's first charge claim over liquidated assets; IBC provisions override Finance Act 

Madras HC dismisses the service-tax claim of Revenue against the successful auction purchaser (Petitioner) under the IBC, 2016 who acquired the assets of liquidated company (against whom the original ...View More

Condones 987 days delay in filing appeal against assessment order

Andhra Pradesh HC condones delay of 987 days in filing appeal against assessment order while conceding to assessee’s submission regarding grant of opportunity and observes that “if opportu...View More

'Facility-charges' for water-plant operation/maintanance within Tata-Steel's premise not includible in AV 

CESTAT Kolkata holds that, ‘facility charges’ for operation and maintainace of a De-Mineralised (DM) water plant set up by assessee in premises of Tata Steel and Iron Company Ltd. (Tata St...View More

Quashes Rs. 25 crores demand against ICICI on receipts generated from securitization 

CESTAT sets aside levy of tax on the receipts generated by assessee (ICICI Bank) from securitization agreements entered into prior to February 2006, finds same to be “without authority of law&rd...View More

Extends exemption to MIMO tech-enabled telecom products, without LTE function: Interprets expression 'and' 

CESTAT Delhi determines that importer of telecom or information & communication technology products having only Multiple Input/Multiple Output Technology (MIMO) i.e. Ubiquity Access Points product...View More

Rules on classification of Amway's Coconut Oil and bi-monthly publication 'Amagram' in Revenue’s favour

Delhi HC rules in Revenue’s favour on classification of Coconut Oil sold by Amway (assessee) and bi-monthly publication namely ‘Amagram’ in an appeal filed by assessee against Tribun...View More

Profit element earned by HDFC-Bank on Forex trading not taxable 

CESTAT Mumbai dismisses the service tax demand against HDFC Bank on margin money/profit/spread earned out of ‘trading of the foreign currencies’ under the category of “Banking and ot...View More

Dismisses Revenue’s SLP w.r.t. classification dispute involving Mitsubishi’s Air Conditioner units 

SC dismisses Revenue’s SLP against CESTAT order pertaining to classification issue of Air Conditioner Outdoor and Indoor units of more than 2 ton capacity imported by Mitsubishi Electronics; Fol...View More