Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand [Read Order]

The Karnataka High Court collectively disposed of 31 Appeals through the same Judgment
By Avinash Kurungot - On August 27, 2024 5:24 pm - 2 mins read
Karnataka High Court - Karnataka HC - Service Tax Demand - Venture Capital - TAXSCAN

The Karnataka High Court in a recent Judgment disposed of 31 Central Excise Appeals pertaining to the same subject matter. The High Court ruled that Trust Funds cannot be categorized as a ‘Juridical Person’ under the purview of the Indian Finance Act, 1994. The Appellant is a Venture Capital Trust that receives money from contributors,…

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