TMI Blog2024 (11) TMI 523X X X X Extracts X X X X X X X X Extracts X X X X ..... the purposes of computing Tax under the Income Tax Act. In the result it is also not a 'payment' actually received or receivable, and therefore neither 'consideration' nor the 'gross amount charged' in terms of clauses (a) and (c) respectfully of the explanation to Section 67 of the Act. Hence the appellant is not liable to pay Service Tax on the amount of lease rent equal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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