![Supreme Court dismisses Revenue SLP over Income Tax Evasion by Bogus LTCG and STCL Claims [Read Judgement]](https://images.taxscan.in/h-upload/2025/08/05/500x300_2073227-income-tax-evasion-taxscan.webp "Supreme Court dismisses Revenue SLP over Income Tax Evasion by Bogus LTCG and STCL Claims [Read Judgement]")
Supreme Court dismisses Revenue SLP over Income Tax Evasion by Bogus LTCG and STCL Claims [Read Judgement]
In a recent decision, a two-judge Bench of the Supreme Court, comprising Justices Pankaj Mithal and S.V.N. Bhatti, dismissed an Income Tax Department...
![No Automatic Dissolution on Partner’s Death: SC Condemns Indian Oil Corporation Limited for Arbitrary Denial of Kerosene Supply to Firm [Read Order]](https://images.taxscan.in/h-upload/2025/07/25/250x150_2068845-indian-oil-taxscan.webp "No Automatic Dissolution on Partner’s Death: SC Condemns Indian Oil Corporation Limited for Arbitrary Denial of Kerosene Supply to Firm [Read Order]")
![S.95 IBC Plea Found Within Limitation Due to Debt Acknowledgment: Supreme Court Upholds NCLAT Ruling [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/250x150_2065163-section-s95-ibc-ibc-plea-found-within-limitation-due-limitation-due-plea-found-taxscan.webp "S.95 IBC Plea Found Within Limitation Due to Debt Acknowledgment: Supreme Court Upholds NCLAT Ruling [Read Order]")
![No ITC for Dealer on Tax-Exempt Sales: Supreme Court Upholds Disallowance u/s 7(c) of UP VAT Act [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2025/04/Supreme-Court-Supreme-Court-UP-VAT-ITC-case-No-ITC-on-tax-exempt-sales-TAXSCAN.jpg "No ITC for Dealer on Tax-Exempt Sales: Supreme Court Upholds Disallowance u/s 7(c) of UP VAT Act [Read Judgment]")
Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]
The Supreme Court has recently held that broken period interest incurred on securities treated as stock-in-trade is in the nature of revenue expense and that Income Tax Deduction can be allowed on...
![Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Supreme-Court-Income-Tax-Deduction-stock-in-trade-Broken-Period-Interest-TAXSCAN.jpg "Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]")
Assets of Subsidiary Company not to be Included in Insolvency Resolution Plan of Holding Company: Supreme Court [Read Judgement]
The Supreme Court has ruled that a holding company does not own its subsidiary's assets, and therefore, these assets cannot be included in the holding company's resolution plan. The appeal...
Invalid Reassessment Order as Mismatch in Reason Recorded in Reopening and Reason Supplied to assessee: Supreme Court Allows Exemption in Filing Verified Copy of ITAT Order
The Supreme Court has allowed the application seeking exemption in filing a verified copy of the Income Tax Appellate Tribunal Order (ITAT) wherein it was held that the reassessment order is Invalid...
Supreme Court Stays Criminal Proceedings to Prosecute DMK MP Kathir Anand, Initiated by Income Tax Department
A Two-Judge Bench of the Supreme Court stayed criminal proceedings against Dravida Munnetra Kazhagam (DMK) Member of Parliament (MP) which was initiated by the Income Tax Department. Durai Murugan...
Non Supply of Material referred to as ‘Reasons to believe’: Rajasthan HC quashes Reopening of Assessment [Read Order]
“A statement of a person, which is not relatable to any incriminating document or material found during search and seizure operation cannot, by itself, trigger the assessment.” The Rajasthan High...
![Non Supply of Material referred to as ‘Reasons to believe’: Rajasthan HC quashes Reopening of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Supply-of-Material-Rajasthan-Highcourt-Reopening-of-Assessment-taxscan.jpg "Non Supply of Material referred to as ‘Reasons to believe’: Rajasthan HC quashes Reopening of Assessment [Read Order]")
Petition Challenging Treatment of Manpower Supply as 'Inter-State' or 'Intra-State': Rajasthan HC Seeks Response from Centre and State [Read Order]
The Rajasthan High Court has seeked response from centre and state, regarding the treatment of manpower supply while it was challenged in a petition. The petitioner, Skylark Infra Engineering...
![Petition Challenging Treatment of Manpower Supply as Inter-State or Intra-State: Rajasthan HC Seeks Response from Centre and State [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Petition-Challenging-Treatment-Manpower-Supply-Inter-State-Intra-State-Rajasthan-HC-taxscan.jpg "Petition Challenging Treatment of Manpower Supply as Inter-State or Intra-State: Rajasthan HC Seeks Response from Centre and State [Read Order]")
State obliged to issue `C' Forms for High Speed Diesel procured for mining purposes through interstate trade: Rajasthan HC [Read Order]
The Division Bench of the Rajasthan High Court comprising Cheif Justice Pankaj Mithal and Justice Dinesh Mehta has mandated recently that the State is statutorily obliged to issue C forms or...
![State obliged to issue `C Forms for High Speed Diesel procured for mining purposes through interstate trade: Rajasthan HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Rajasthan-HC-C-forms-Diesel-mining-purposes-Diesel-procured-for-mining-purposes-interstate-trade-Rajasthan-HC-taxscan.jpg "State obliged to issue `C Forms for High Speed Diesel procured for mining purposes through interstate trade: Rajasthan HC [Read Order]")