Insights
ITAT holds that repurchase of vested but unexercised ESOPs is taxable as Capital Gains and not Salary
Supreme Court affirms validity of Section 16(2)(c): ITC is admissible only where the supplier has actually remitted tax to the Government, Provision held neither arbitrary nor unconstitutional
CESTAT upheld that no service tax is applicable on Refundable Advances and Sale of Self-Owned Flats is sale of immovable property and thus not Liable to Service Tax