Linking Aadhaar with Bank Account is not Mandatory, rules Supreme Court [Read Judgment]
While upholding the Constitutional validity of Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 the Constitution bench (4:1) of the Supreme Court has struck down some provisions including the provision mandating
National Herald Case: SC allows Income Tax Department To Reopen Tax Case against Sonia Gandhi, Rahul Gandhi [Read Order]
The Supreme Court of India has allowed the Income Tax Department to reopen the tax case against Congress leaders Sonia Gandhi and Rahul Gandhi for the assessment year 2011-12 in connection with the National Herald
7 days Time Limit for removing defects in Application for Initiation of Corporate Insolvency Resolution Process is not Mandatory: SC [Read Judgment]
In a recent Judgment, the Supreme Court of India held that, provision of removing the defects within seven days is directory and not mandatory in nature. The two judge bench comprising of Justice A.K Sikri
SC upholds Levy of Dividend Distribution Tax on Companies having Agricultural Income [Read Judgment]
A two judge bench of the Supreme Court, last week, held that levy of dividend distribution tax (DDT) on Companies having agricultural income under section 115O of the Income Tax Act is not ultra vires
Order of Continuation of Anti-Dumping duty made After Expiry of Duty Period is Invalid: SC [Read Judgment]
A two-judge bench of the Supreme Court held that the order of continuation of Anti-dumping duty, made after expiry of the duty period is invalid under the law. While confirming the High Court order, the
Provision Mandating Quoting of Aadhaar for IT Returns & PAN is valid: SC stays S. 139AA of IT Act till decision of Constitution Bench [Read Judgment]
Aadhaar Holders must link it with PAN, Non-Aadhaar Card Holders need not apply Aadhaar, says Supreme Court. A two-judge bench of the Supreme Court today stayed the application of Section 139AA of the Income Tax Act
CBDT cannot Amend the Provisions of Law through Its Circular: Supreme Court [Read Order]
The Supreme Court of India recently ruled that the Central Board of Direct Taxes (CBDT) has no power to amend the provisions of the law through issuing circulars. In the instant case, the petitioners, S
Mobilization Fee paid to Non-Resident to move Oil rigs from Foreign to India is subject to Income Tax in India: SC [Read Judgment]
A two-judge bench of the supreme Court comprising Justices A K Sikri and Ashok Bhushan recently ruled that mobilization fees paid to Non-Resident to move oil rigs from foreign to India is taxable in India
Depreciation Claim is Mandatory for Claiming Benefit of s. 80-IA of Income Tax Act: SC [Read Judgment]
While dismissing an appeal filed by M/s Plastiblends India Limited, a two-judge bench of the Supreme Court held that assessee should claim for depreciation while computing incentive under section 80-IA of the Income Tax Act,
Education Cess paid alongwith Excise Duty is Refundable in cases where no Duty is Payable, says Supreme Court [Read Judgment]
A two-judge bench of the Supreme Court, on Friday held that the manufactures who paid excise duty in terms with the exemption notification No. 20/2007-Ex can claim refund of education cess and higher education cess
No Service Tax on Value of Materials Supplied Free of Cost by Service Recipient during Construction: Supreme Court [Read Judgment]
In a ruling in favor of the construction industry, a two-judge bench of the Supreme Court, last day held that service tax cannot be levied on the value of goods/material supplied free of cost by
Property Tax: Supreme Court strikes down New Delhi Municipal Council’s Bylaws [Read Judgment]
The Supreme Court of India has struck down New Delhi Muncipal Council ( NDMC ) (Determination of Annual Rent) Bye-laws, 2009. The municipal body’s 2009 bylaws was empowered to charge property tax even on vacant
Sec 52A of Kerala Court Fee Act applies Prospectively: SC Clarifies Payment of Court Fee on IT Appeals [Read Judgment]
A two-judge bench of the Supreme Court recently ruled that Section 52A of the Kerala Court Fee and suit Valuation Act, 1959 inserted w.e.f October 26, 2002, has no retrospective effect and therefore, section 260A of
Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]
The two judge bench of Supreme Court of India yesterday held that, payments received by Hindu Undivided Family (HUF) is considered as deemed dividend within the meaning of Section 2(22)(e) of the Income Tax Act,
Sec 19(5)(c) of the TN VAT Act not Discriminatory: Supreme Court [Read Judgment]
A two-judge bench of the Supreme Court last week upheld the constitutionality of section 19(5)(c) of the Tamilnadu Value Added Tax Act and Rule 10(9)(a) of the VAT Rules. The appellant was aggrieved by the