The two-judge bench of the Supreme Court comprising of Justices A.K Sikri and R.F. Nariman, in a recent order observed that the provisions of sections 271-D and 271-E of the Income Tax Act, 1961 cannot

Last week, the Supreme Court of India passed an order regarding which method to be applied for valuation of the ‘Alpana Cinema’ situated at Model town, New Delhi for wealth tax assessment. There, had been

The Supreme Court of India Tuesday upheld the Gujarat High Court decision and directed Essar to pay Rs. 1038.27 crore as Electricity duty to Gujarat Government. The Essar Steel India Ltd. And Anr. had filed an application dated 15.03.2001

In a recent ruling, the division bench of Supreme Court observed that, Crude Palm Oil (non-edible grade) which is not used exclusively for manufacture of soap or Industrial Fatty Acid not eligible for exemption The

In a significant ruling, Supreme Court of India upheld the Delhi High Court Judgment that, the consideration received by the Formula One Asset Management Ltd (FOAM) as per the license agreement entered into with Jaypee

In a recent decision, the two-judge bench of the Supreme Court comprising of Justice A.K. Sikri and Justice A.M. Sapre held that provisions of Section 5 of the Limitation Act, 1963, are not applicable in respect

The Supreme Court of India held that, there is no double benefit while allowing the depreciation of Assets when the Capital Expenditure is treated as application of Income for Charitable Purposes under Section 11(1)(a) of

Supreme Court Upholds constitutional validity of the Maharashtra Value Added Tax (Levy, Amendment and Validation) Act, 2009 which amended certain provisions in the MVAT Act, 2002 with retrospective effect from April 01, 2005. A two

Payment to Sub-Contractors cannot be added to the Total Turnover under the Karnataka Sales Tax Act, says Supreme Court. The two-judge bench of the Supreme Court of India, today held that, under the provisions of

A two-judge bench of the Supreme Court has held that the statutory scheme delineated by Section 19(11) of the Tamil Nadu Value Added Tax Act can neither be said to be arbitrary or can be

The Supreme Court, on Friday, questioned the maintainability of the petition filed by CPI Leader Binoy Viswam challenging the provisions of section 139AA of the Income Tax Act mandating linking of Aadhaar with PAN number

The two-judge bench of the Supreme Court in DIT(IT) v. A.P. Moller Maersk A S,  categorically held that the income from the use of Global Telecommunication Facility called 'Maersk Net' can be classified as income

While passing an interim relief against a special leave appeal filed against the order of the Madhya Pradesh High Court in Gati Kintetsu Express Pvt. Ltd, the Supreme Court ordered the department to release the

In a significant ruling, the Supreme Court of India held that, Bottling of LPG is an activity which amounts to ‘production’ or ‘manufacturing’ for the purposes of provisions of the Income Tax Act. A two

In a recent decision, the Supreme Court held that the share issue expenses are allowable under section 35D of the Income Tax Act, 1961. The Supreme Court bench comprising of Justice A K Sikri and