The Supreme Court held that HT Media Ltd is not liable to pay service tax under the reverse charge mechanism on fees paid to overseas agents for arranging foreign speakers at its Leadership Summit, setting aside the CESTAT ruling.
Today, on 16th January, The Supreme Court extended interim protection to former Telangana SIB chief T. Prabhakar Rao in the phone-tapping probe until March 10, observing custodial interrogation was already permitted and questioning the State’s insistence on continued incarceration without further justification.
Today, on 15th January, Supreme Court upheld revenue authorities’ refusal to entertain Tiger Global entities’ advance ruling pleas on Flipkart share sales. The Bench held that transactions prima facie aimed at tax avoidance attract the statutory bar under Section 245R(2), negating any duty to examine taxability merits.
