![Persons Other than Searched Person liable to Pay Interest on Late filing of ITR u/s 158BC Even Without Notice: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2023/01/Interest-on-Late-filing-of-ITR-Late-filing-of-ITR-Interest-Notice-Supreme-Court-taxscan.jpg "Persons Other than Searched Person liable to Pay Interest on Late filing of ITR u/s 158BC Even Without Notice: Supreme Court [Read Judgment]")
Persons Other than Searched Person liable to Pay Interest on Late filing of ITR u/s 158BC Even Without Notice: Supreme Court [Read Judgment]
In a significant ruling, a two-judge bench of the Supreme Court has held that the persons other than the searched persons shall be liable to pay...
![Rule 89(4) of GST Rules is Intra Vires: Orissa HC dismisses Vedanta’s Plea to Read Down Provision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/GST-Rules-Gst-Intra-Vires-Orissa-HC-taxscan-1.jpg "Rule 89(4) of GST Rules is Intra Vires: Orissa HC dismisses Vedanta’s Plea to Read Down Provision [Read Order]")
![Quashing of Income Tax Penalty would Invalidate further Criminal Proceedings: Jharkhand HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Penalty-Criminal-Proceedings-Jharkhand-HC-taxscan.jpg "Quashing of Income Tax Penalty would Invalidate further Criminal Proceedings: Jharkhand HC [Read Order]")
![Supreme Court upholds Validity of Contributory Pension Scheme, 2014: Allows Contribution of 8.33% of total Salary drawn [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/11/Supreme-Court-Pension-Scheme-Salary-drawn-taxscan.jpg "Supreme Court upholds Validity of Contributory Pension Scheme, 2014: Allows Contribution of 8.33% of total Salary drawn [Read Judgment]")
Advancement of GPU cannot be interpreted as 'Charitable Purposes' If Done as Business, No Income Tax Exemption: Supreme Court [Read Judgment]
The Supreme Court of India, observed that “Charitable Purposes” under Section 2(15) of the Income Tax Act, 1961 does not include advancement of General Public Utility(GPU) done as business and held...
![Advancement of GPU cannot be interpreted as Charitable Purposes If Done as Business, No Income Tax Exemption: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/GPU-Income-Tax-Exemption-Supreme-Court-taxscan.jpg "Advancement of GPU cannot be interpreted as Charitable Purposes If Done as Business, No Income Tax Exemption: Supreme Court [Read Judgment]")
![ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/ITAT-penalty-existence-ambiguity-TAXSCAN.jpg "ITAT sets aside Penalty Order on existence of Ambiguity for AO on Charge u/s 271(1)(c) [Read Order]")
GST: Supreme Court to decide Eligibility of ITC for Construction of Immovable Property intending to Let Out [Read Order]
In a significant move, the Supreme Court has admitted the appeal filed by the GST department against the order of the Odisha High Court wherein the High Court held that input tax credit is available...
![GST: Supreme Court to decide Eligibility of ITC for Construction of Immovable Property intending to Let Out [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Supreme-Court-GST-Apex-Court-ITC-Construction-of-Immovable-Property-taxscan.jpeg "GST: Supreme Court to decide Eligibility of ITC for Construction of Immovable Property intending to Let Out [Read Order]")
GST Investigation is Virtually Over: Gujarat HC grants Bail to Accused for Allegedly Evading Rs. 21 Cr [Read Order]
The Gujarat High Court has granted bail to an accused person for allegedly evading GST worth Rs. 21 Crores considering the fact that the investigation by the department is virtually over. The...
![GST Investigation is Virtually Over: Gujarat HC grants Bail to Accused for Allegedly Evading Rs. 21 Cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/GST-Investigation-Virtually-Over-Gujarat-High-Court-Bail-Accused-for-Allegedly-Evading-Taxscan.jpg "GST Investigation is Virtually Over: Gujarat HC grants Bail to Accused for Allegedly Evading Rs. 21 Cr [Read Order]")
IBC: Recovery Certificate Holder can initiate CIRP as Financial Creditor, rules Supreme Court [Read Judgment]
A three-judge Bench of the Supreme Court comprising Justices L. Nageswara Rao, B.R. Gavai and A.S. Bopanna, on Monday, held that a liability in respect of a claim arising out of a Recovery...
![IBC: Recovery Certificate Holder can initiate CIRP as Financial Creditor, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/06/SC-IBC-Recovery-Certificate-Holder-CIRP-Financial-Creditor-Supreme-Court-taxscan.jpeg "IBC: Recovery Certificate Holder can initiate CIRP as Financial Creditor, rules Supreme Court [Read Judgment]")
![Shares Invested in Paper Companies: ITAT confirms Disallowance of LTCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Long-Term-Capital-Gain-Shares-Paper-Companies-ITAT-LTCG-taxscan.jpeg "Shares Invested in Paper Companies: ITAT confirms Disallowance of LTCG [Read Order]")