International Tax Ruling
CESTAT rules on valuation of Air Travel Agent services, assessee can discharge service tax liability either on gross commission received, or at specified rates on ‘basic fare’ as per Rule
...View More SC dismisses Revenue appeal, upholds non-taxability of sponsorship services received from BCCI in respect of IPL matches; Finds no merit in appeal, however, deletes portion of Tribunal order whereby s
...View More CESTAT grants refund of accumulated / unutilized input services credit on export of banking & financial, business support services under Notification No. 5/2006-ST; Sets aside Adjudicating Authori
...View More Transfer of technology, including passing of technical information necessary for assembly, testing, installation, engineering data, troubleshooting manuals, not “Intellectual Property Rights&rdq
...View More SC dismisses Revenue SLP against Rajasthan HC decision, but keeps the question of law open; HC had upheld classification of UPS & CVT (Constant Voltage Transformer) as 'essential parts of computer
...View More HC allows writ, approves transfer of Duty Credit Scrip under ‘Served From India Scheme’ of Foreign Trade Policy (FTP) to holding / group company; Quashes DGFT decision that assessee not en
...View More HC lambasts Tribunal’s judicial indiscipline for non-consideration of binding precedents, or assessee’s reliance on identical case involving principal manufacturer, wherein it was held tha
...View More HC finds no substance in Revenue appeal, upholds Tribunal order granting refund of interest u/s 11AB of Central Excise Act for period prior to September 1996; Refuses to entertain Revenue contention t
...View More Import of bulk crude oil assessable on the basis of transaction value, not actual shore tank receipt quantity, where rate of duty is ad valorem; Relies on MRPL ruling, assessee required to pay to fore
...View More CESTAT allows re-credit to assessee of service tax paid under merger scheme, post discharge of service tax liability by merging company under VCES; Accepts assessee’s contention that amount paid
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