Time limit for investment in section 54EC bonds-How to be counted
For the purposes of section 54EC six months period shall be counted from the end of the month in which the asset giving rise to capital gain was transferred. - Vide Mr. Yahya E. Dhariwala v. Deputy Commissioner of Income Tax (2012) 43 (II) ITCL 238 (Mum-Trib)
SERVICE TAX
Commercial Training or coaching service-Training to the buyer of machine-Levy of service tax
The assessee was not providing any coaching or training to outsiders except the employees of the buyer concerns who were to use the machines purchased. The training was not appearing to be a primary commercial activity of the assessee nor also commercial activity of such nature as known to the fiscal law was carried out by assessee. Hence, the appeal of the revenue was dismissed:- CCE v. Punjab Communication Ltd. (CESTAT-Del) Final Order No. ST/310/2011 (PB), decided on 27-6-2011
For the purposes of section 54EC six months period shall be counted from the end of the month in which the asset giving rise to capital gain was transferred. - Vide Mr. Yahya E. Dhariwala v. Deputy Commissioner of Income Tax (2012) 43 (II) ITCL 238 (Mum-Trib)
SERVICE TAX
Commercial Training or coaching service-Training to the buyer of machine-Levy of service tax
The assessee was not providing any coaching or training to outsiders except the employees of the buyer concerns who were to use the machines purchased. The training was not appearing to be a primary commercial activity of the assessee nor also commercial activity of such nature as known to the fiscal law was carried out by assessee. Hence, the appeal of the revenue was dismissed:- CCE v. Punjab Communication Ltd. (CESTAT-Del) Final Order No. ST/310/2011 (PB), decided on 27-6-2011
No comments:
Post a Comment