Supreme Court & High Courts Weekly Round-up
This weekly round-up analytically summarizes the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous...
![No Right to Assessing Authority in Reassessing Prior Years Without Inquiry While Considering Assessment of Relevant Year under Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-Income-Tax-Act-Kerala-HC-Income-Tax-Act-1961-TAXSCAN.jpg "No Right to Assessing Authority in Reassessing Prior Years Without Inquiry While Considering Assessment of Relevant Year under Income Tax Act: Kerala HC [Read Order]")
Declaration of Consignment in Form 8FA under KVAT Act is Mandatory: Kerala HC upholds Rs. 1 Lakh Penalty [Read Order]
In a significant case, the Kerala High Court has upheld the1 Lakh penalty under Kerala Value Added Tax Act ( KVAT Act ), 2005 for Non-Declaration in Form 8FA as it is mandatory under Act.The court...
Supreme Court confirms Kerala High Court decision upholding Income Tax Levy on Compensation for Relinquishing Trusteeship [Read Judgement]
The Division Bench of the Supreme Court of India confirmed the decision of the High Court of Kerala upholding the Income Tax levying on compensation for relinquishing Trusteeship. Because the...
![Supreme Court confirms Kerala High Court decision upholding Income Tax Levy on Compensation for Relinquishing Trusteeship [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/09/Supreme-Court-Kerala-High-Court-Trusteeship-relinquishment-tax-trusteeship-tax-taxscan.jpg "Supreme Court confirms Kerala High Court decision upholding Income Tax Levy on Compensation for Relinquishing Trusteeship [Read Judgement]")
Kerala HC directs ITAT to decide Challenge on Income tax Exemption for Amount Received by Cricket Association [Read Order]
The Kerala High Court has remanded the matter to the Income Tax Appellate Tribunal ( ITAT ) and directed to decide whether income received by the Kerala Cricket Association during the assessment...
![Kerala HC directs ITAT to decide Challenge on Income tax Exemption for Amount Received by Cricket Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Income-Tax-Appellate-Tribunal-Kerala-High-Court-Kerala-HC-TAXSCAN.jpeg "Kerala HC directs ITAT to decide Challenge on Income tax Exemption for Amount Received by Cricket Association [Read Order]")
![Kerala HC deletes Penalty under KVAT Act as Goods Transported was for Own Use [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/kerala-high-court-kerala-hc-news-Penalty-under-KVAT-kerala-hc-on-kvat-act-kvat-news-kvat-act-news-kerala-hc-about-kvat-kerala-high-court-on-kvat-kerala-high-court-about-kvat-taxscan.jpg "Kerala HC deletes Penalty under KVAT Act as Goods Transported was for Own Use [Read Order]")
Property Sale Income Kept For Investment will be Taxed under 'Capital Gains' under Income Tax Act: Kerala HC [Read Order]
In a recent case, the Kerala High Court has held that income from the sale of property kept for investment will be taxed under 'Capital Gains' under Income Tax Act, 1961. The court upheld the...
![Property Sale Income Kept For Investment will be Taxed under Capital Gains under Income Tax Act: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Income-Tax-Capital-Gains-Kerala-HC-Sale-Income-ITAT-Kerala-High-Court-capital-accretion-taxscan.jpg "Property Sale Income Kept For Investment will be Taxed under Capital Gains under Income Tax Act: Kerala HC [Read Order]")
SAD Refunds Cannot be Denied due to Circular Removing Facility of DEPB Scrips Re-Crediting: Kerala HC [Read Order]
In a recent case, the Kerala High Court has held that SAD ( Special Additional Duty ) Refunds Cannot be Denied due to Circular Removing Facility of Duty Entitlement Pass Book ( DEPB ) scrips...
