Tribunal ruled that payments made for transfer of technology, technical documents, and manufacturing assistance under an inter-governmental agreement did not amount to Scientific and Technical Consultancy Service. It held that the arrangement related to technology transfer for aircraft production and not taxable consultancy.
ROC Patna penalised a company and its directors for failing to appoint a Chief Financial Officer after crossing the prescribed paid-up capital threshold. The order highlights strict compliance requirements under Section 203 of the Companies Act, 2013.
CESTAT Chennai held that mere trading in air tickets did not amount to taxable “Tour Operator” service. The Tribunal ruled that retaining discounts on ticket sales was outside the scope of service tax.
CESTAT Delhi held that earlier GST cancellation history became irrelevant once the exporter possessed valid GST registration on the transaction date. The Tribunal set aside revocation of the Customs Broker License.
The Karnataka High Court accepted a mediation settlement in a prolonged land acquisition dispute after parties agreed on compensation, interest, and payment timelines. The Court held that the settlement would replace earlier awards and decrees under Section 89 CPC.
Tribunal held that deduction for bad debts is allowable in the year in which the debts are actually written off in the books of account. It rejected the Revenue’s view that NPAs classified earlier must necessarily be written off in those earlier years.
ITAT Ahmedabad held that delivery-based share transactions shown as investments in books could not be treated as business income without supporting evidence. The Tribunal upheld capital gains treatment for both STCG and LTCG.
The article clarifies that ASISSE notices are issued by NSO under MoSPI only for statistical data collection and have no connection with tax scrutiny or GST investigations.
The Competition Commission of India held that allegations of excessive pricing for medicines, tests, and consumables were not conclusively established. The case was closed after the Commission found insufficient evidence of abuse of dominant position.
The article explains how travel gaps in insurance coverage can expose travellers to financial risks during medical emergencies, delays, or baggage loss. It highlights the importance of continuous travel insurance coverage throughout international trips.
