Delhi HC Strikes Down Rule 5(1)
Published on Mon, Dec 10,2012 | 12:48, Updated at Mon, Dec 10 at 13:32Source : Moneycontrol.com
The division bench of the Delhi High Court vides its judgment dated November 30, 2012 in the matter of Intercontinental Consultants and Technocrats Pvt. Ltd. v. Union of India and Anr., has held that Rule 5(1) of the Service Tax Determination of Value Rules, 2006 ("Rules") is ultra vires of the Section 66 and Section 67 of the Finance Act, 1994. This alert by Vaish Associates summarizes the judgment by the Delhi HC.
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