![No Service Tax on Value of Materials Supplied Free of Cost by Service Recipient during Construction: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Construction-Taxscan.jpg "No Service Tax on Value of Materials Supplied Free of Cost by Service Recipient during Construction: Supreme Court [Read Judgment]")
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...
![Trust Is Eligible for Depreciation Even though the Entire Expenditure Incurred for Acquisition of Capital Assets was treated as Application of Income: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Trust Is Eligible for Depreciation Even though the Entire Expenditure Incurred for Acquisition of Capital Assets was treated as Application of Income: SC [Read Order]")
![Petition challenging PAN-Aadhaar Linkage in SC dismissed as Withdrawn [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Aadhaar-PAN-Linking.jpg "Petition challenging PAN-Aadhaar Linkage in SC dismissed as Withdrawn [Read Order]")
Land & Building Method is the Appropriate Method of Valuation of Cinema Theatre for Wealth Tax Assessment: SC [Read Judgment]
Last week, the Supreme Court of India passed an order regarding which method to be applied for valuation of the ‘Alpana Cinema’ situated at Model town, New Delhi for wealth tax assessment. There, had...
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...
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...
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...
![SC upholds Levy of Dividend Distribution Tax on Companies having Agricultural Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "SC upholds Levy of Dividend Distribution Tax on Companies having Agricultural Income [Read Judgment]")
Sales Component in a Works Contract is Taxable under the Rajasthan Sales Tax Act: Supreme Court [Read Judgment]
In a significant ruling, a two-judge bench of the Supreme Court categorically held that sales component in a works contract where sales and services are divisible, is subject to sales tax under the...
Original Owner can be Assessed when he Leased Out Property to Family Members and then Sub-leased to Others to Evade Tax: SC [Read Judgment]
A two Judge bench comprising of Justices A.K Sikri and Ashok Bhushan recently confirmed an assessment order wherein the department assessed the rental income from the hands of the original owner of...