Rent received on Mobile Towers is liable for VAT and not service tax-Karnataka HC

0 comments Thursday, August 4, 2011

Karnataka High Court in a very important case namely  
Essar Telecom Infrastructure (P.) Ltd. Versus Union of India has held that giving Mobile Towers on rent is not a service but is a transfer of right to use goods and is liable to VAT by State Governments. Implications of this judgement would be that the rent received on mobile towers given from cellular companies would be considered as deemed sales and consequently VAT will be payable on such rent received. 
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Collecting jewellery of 906.900 grams by a woman in a married life of 25-30 years is not abnormal-Delhi HC

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Delhi High Court in an important case namely Ashok Chadha V Income Tax officer decided on 05/07/2011 has held that stree dhan in the form of jewellary received during the span of 25 years cannot be said to be unexplained investment u/s 69A of Income Tax Act, 1961. It is a normal custom for woman to receive jeweller in the form of "stree dhan" or on other occasions such as birth of child etc. Collecting jewellery of 906.900 grams by a woman in a married life of 25-30 years is not abnormal.
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