Supreme Court & High Courts Weekly Round Up
This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during March 10th to March 23rd of 2024. SUPREME COURT False Declaration under IDS to
GTA Service Undertaken for Carriage of Food Grains and Pulses are Exempted by Notification: CESTAT Remand Matter for Re Compute Service Tax Payable
In a recent judgement, the Chennai bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) remanded matter for re compute service tax payable under Good Transport Agency Service (GTA) Service, as the service undertaken
[Taxscan 360] Online Money Gaming, Horse Racing and Casinos: GST Implications and Unaddressed issues
In recent years, the online gaming industry in India has witnessed remarkable growth, projected to reach $5 billion by 2025 with a compound annual growth rate of 28-30%. However, a recent decision by the GST
Disallowance u/s 14A of Income Tax Act should be limited to Exempted Income: ITAT [Read Order]
The Two member bench of Income Tax Appellate Tribunal ( ITAT ) of Bangalore held that disallowance under Section 14A of the Income Tax Act, 1961 should be limited to exempted income. The Assessee Ambika
ITAT Weekly Round Up
This is the weekly round of the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from March 09, 2024  to March 15 are analytically summarized in this Round-Up. Relief to Toyota
Relief to Apple India, Warranty Claim allowable when it was as per Provision and Guidelines: Supreme Court dismisses SLP [Read Judgement]
The Supreme Court of India dismissed the special leave petition filed against Apple India Private Limited and viewed that the warranty claim was allowable when it was as per provision and guidelines. The SLP arose
Relief to Acer: No TDS on Income in payments received by distributors from Customers: Supreme Court dismisses SLP [Read Order]
In the case of M/S Acer India Pvt Ltd, the Supreme Court of India upheld that Tax deduction at source ( TDS ) does not apply to income from payment received by distributors from customers.
Center approaches Supreme Court to Transfer all Online Money Gaming GST Petitions before HCs
In a significant move, the Center has filed a transfer petition with the Supreme Court, urging the consolidation of all pending cases across various High Courts challenging GST notices issued to real money gaming companies.
Supreme Court Clears Karnataka Deputy CM DK Shivakumar in Money Laundering Case     
In a significant ruling today, the Supreme Court granted relief to Karnataka Deputy Chief Minister DK Shivakumar and his associate, Anjaneya Hanumanthaiah, as they successfully challenged criminal proceedings linked to a 2018 money laundering case.
Relief to Kalyan Jewellers: CESTAT allows Cenvat Credit on Service Tax Paid by Insurance  Company on premium paid by Appellant [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) of the Bangalore bench ruled in favour of Kalyan Jewellers India Limited and allowed the  Cenvat Credit on service tax paid by insurance  company
No TDS applicable u/s 194H in B2B Transactions if assessee not responsible for paying Income Tax or Filing Returns: Supreme Court [Read Order]
The Supreme Court of India has held that, “the assessees would not be under a legal obligation to deduct tax at source on the income/profit component in the payments received by the distributors/franchisees from the
Case Digest on Tax Refund under Income Tax Act
Income tax refund means a refund amount that is initiated by the income tax department if the amount paid in taxes exceeds the actual amount due (either by way of TDS or TCS or Advance
[Taxscan 360] Environmental Taxation: Paving the Way to Sustainability
The inception of green taxes can be traced back to the early 20th century when certain nations pioneered tax policies to incentivize the adoption of cleaner and more sustainable technologies. However, it wasn't until the
Relief to Apple India: Supreme Court dismisses SLP of Income Tax Dept against Higher Deduction based on Warranty Claims and After-Sales Support
A Two-Judge Bench of the Supreme Court has dismissed a Special Leave Petition filed by the Income Tax Department against Apple India being inclined not to interfere with the impugned judgment and order passed by
Supreme Court & High Courts Weekly Round Up
This weekly round-up analytically summarises the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from February 16th to February 23rd of 2024. Monetary Limits for