State Financial Corporation couldn't take possession of assets of debtor-co. after it was ordered to

CL : A State Financial Corporation cannot take possession of assets of a debtor company after said company is ordered to be wound up

Importing goods and providing services are different transactions; their value has to be determined

Excise & Customs : Where assessee was : (a) distributing foreign TV channel in India and paying service tax; and (b) importing tapes from Channel for film certification and paying customs duty thereon, said distribution and import transaction were entirely different and therefore, share of distribution fees paid to foreign TV Channel under agreement (a) cannot be loaded in value of tapes imported under (b)

Sum received on sharing of technical know-how without transferring right to use is taxable as revenu

IT : Where amount received on transfer of technical know-how and marketing know-how were related to sharing of relevant information only, said amount were taxable as a revenue receipt

No TDS on freight charges paid to shipping Cos which were taxable at presumptive rate under sec. 172

IT : Where provisions of section 172 are to apply, provisions of sections 194C and 195 are not applicable