A two-judge bench of the Supreme Court has held that an Income Tax Appeal would not become infructuous merely due to the reason that the Company’s name was struck down by the registrar of the...
The Central Board of Direct Taxes (CBDT) has mandated that the linking of PAN with aadhaar should be completed by the taxpayers by 31st March 2019. The constitutional validity of Aadhaar has been upheld by...
A two-judge bench of the Supreme Court has referred to the issue of leviability of sale tax on free replacement of defective parts during the warranty period. Justices L Nageswara Rao and Sanjay Kishan Kaul...
A two-judge bench of the Supreme Court has held that the job experience as an Assistant Company Secretary or a Management Trainee cannot be treated as equal to a Company Secretary. The Court was hearing...
The Supreme Court, on Monday, reversed the Delhi High Court order allowing the taxpayer to file an income tax return without linking PAN with Aadhaar and the rule must be compulsorily followed from the assessment...
The Supreme Court, on Friday, upheld the constitutional validity of the Insolvency and Bankruptcy Code, 2016. The two-judge bench headed by Justice Rohinton Nariman was hearing several petitions assailing the constitutional validity of various provisions...
A division bench of the Supreme Court has held that the Court does not have the power to direct the Parliament to amend a law or create some legal provision, to a specified effect. The...
The year 2018 has been a very significant one to the taxation regime due to some important reforms in the laws and procedures. The contribution of the judiciary including the Supreme Court and various High...
A two-judge bench of the Supreme Court has held that the assessable value must be determined on the basis of the value shown in the Bill of Entry. According to the bench comprising Justice AK...
While upholding the provision imposing levy of tax under the Bihar Motor Vehicles Taxation Act, 1994, a two-judge bench of the Supreme Court has held that the manufacturer is liable to pay tax for the...
The Committee of Experts has submitted its report on Regulating audit firms and the Networks to the Government of India through the Secretary, Ministry of Corporate Affairs. The Committee was constituted on April 20, 2018 pursuant to...
After the Central Government increased the monetary limit for tax appeals, the Supreme Court has dismissed hundreds of cases in which the tax effects were less than Rs 1 crore. While dismissing a hundred of...
A two-judge bench of the Supreme Court has today upheld the validity of the Goods and Services Tax (Compensation to States) Act, 2017 enacted by Parliament as well as the Goods and Services Tax Compensation...
A petition has been filed before the Supreme Court challenging the Government’s action increasing the threshold limit for filing departmental appeals at various appellate authorities, such as ITAT / CESTAT, the High Courts or the...
The Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the Dhatri Brand Hair Care Herbal Oil” and “Dhatri Brand Massage Oil” are ayurvedic medicines. In the instant case, the...
A two-judge bench of the Supreme Court has held that the New Okhla Industrial Development Authority ( NOIDA ) is not covered by the definition of local authority as contained in Explanation to Section 10(20)...
The Supreme Court last week held that the amounts paid as part of the lease premium or biannual or annual payments for a limited/specific period towards the acquisition of leasehold rights are not subject to...
The Institute of Chartered Accountants of India ( ICAI ) has asked the chartered Accountants who possess Certificate of Practice to submit important information to it in connection with Apex Court ruling regarding regulation of...
A five-judge bench of the Supreme Court, in Commissioner of Central Excise vs. M/s. Grasim Industries Ltd. held that the measure of the levy of tax contemplated in Section 4 of the Central Excise Act,...
The Income Tax Appellate Tribunal (ITAT) New Delhi on May 3rd, pronounced that the tips received from guests distributed among employees does not become part of salary and hence not eligible for deduction of tax...
In Tapan Kumar Dutta vs Commissioner of Income Tax, the Supreme Court of India held that a second notice under Section 158BC of the Income Tax, 1961 issued to the assessee by the same Assessing...
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