![Balance of Convenience for Cancellation of Registration u/s 12 A of Income Tax Act in favour of CPR: SC dismisses SLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Cancellation-of-Registration-Registration-Income-Tax-Act-Income-Tax-Centre-for-Policy-Research-Taxscan.jpg "Balance of Convenience for Cancellation of Registration u/s 12 A of Income Tax Act in favour of CPR: SC dismisses SLP [Read Order]")
Balance of Convenience for Cancellation of Registration u/s 12 A of Income Tax Act in favour of CPR: SC dismisses SLP [Read Order]
The Supreme Court dismissed the special leave petition (SLP) filed by the Income Tax Department in the ruling that the balance of convenience for...
![Income Tax Addition on bad and doubtful debts: SC rules in favour of Gillette India [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/debts-Income-Tax-Addition-Income-Tax-SC-Gillette-India-SC-rules-in-favour-of-Gillette-India-taxscan.jpg "Income Tax Addition on bad and doubtful debts: SC rules in favour of Gillette India [Read Order]")
![Changing Classification of ‘Chewing Tobacco’ Instead of ‘Scented Zarda/Jarda Tobacco’ as Change brought in Central Excise Duty Rate: Supreme Court Sets aside Penalty initiated on Misdeclaration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Changing-Classification-Chewing-Tobacco-Instead-Tobacco-Central-Excise-Duty-Rate-Supreme-Court-Penalty-Misdeclaration-TAXSCAN.jpg "Changing Classification of ‘Chewing Tobacco’ Instead of ‘Scented Zarda/Jarda Tobacco’ as Change brought in Central Excise Duty Rate: Supreme Court Sets aside Penalty initiated on Misdeclaration [Read Order]")
Supreme Court rules Advertisement Tax not leviable on Signboards displaying Business information [Read Order]
The Supreme Court of India recently ruled that the advertisement tax is not leviable on the signboards displaying business information. The appellant company, M/S Harsh Automobiles Private Limited...
Installation cables, Outlets modules, and Fibre Optic cables fall under Part E of the Second Schedule under Karnataka Sales Tax Act: Supreme Court [Read Judgement]
The Supreme Court of India in a recent judgement has held that the classification of Installation cables, outlet modules, and fibre Optic cables Under Part E of the Second Schedule under the...
![Installation cables, Outlets modules, and Fibre Optic cables fall under Part E of the Second Schedule under Karnataka Sales Tax Act: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/10/Installation-cables-Outlets-modules-fibre-Optic-cables-Karnataka-Sales-Tax-Act-Sales-Tax-Act-Supreme-Court-Part-E-of-the-Second-Schedule-taxscan.jpg "Installation cables, Outlets modules, and Fibre Optic cables fall under Part E of the Second Schedule under Karnataka Sales Tax Act: Supreme Court [Read Judgement]")
![Delay in CIT(A)s Order Communication: Supreme Court Restores Appeal back to ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Delay-in-CITAs-Communication-Supreme-Court-Restores-Appeal-back-ITAT-TAXSCAN.jpg "Delay in CIT(A)s Order Communication: Supreme Court Restores Appeal back to ITAT [Read Order]")
Toughened Glass Falls under the Ambit “All Goods and Wares Made of Glass” under U.P. Sales Tax Act: Supreme Court [Read Order]
The Supreme Court of India has held that toughened glass manufactured falls under the ambit of “all goods and wares made of glass” under Uttar Pradesh (U.P.) Sales Tax Act, 1998. M/s. Gudex Glass...
![Toughened Glass Falls under the Ambit “All Goods and Wares Made of Glass” under U.P. Sales Tax Act: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Toughened-Glass-All-Goods-and-Wares-Made-of-Glass-U.P.-Sales-Tax-Act-Sales-Tax-Act-Sales-Tax-Supreme-Court-Taxscan.jpg "Toughened Glass Falls under the Ambit “All Goods and Wares Made of Glass” under U.P. Sales Tax Act: Supreme Court [Read Order]")
Detachable Warrant has conceivable Cost,Sale Consideration from Transfer of Capital Asset is Liable to Capital Gain: Gujarat HC [Read Order]
In a recent case, the High Court( HC) of Gujarat has held that a detachable warrant has a conceivable cost and the sale consideration from the transfer of the capital asset is liable to capital gain....
Extending Warehousing Period of Baroda Rayon Corporation is not permissible when CESTAT finalised Payment of Penalty and Duty under Customs Act: Gujarat HC [Read Order]
The High Court (HC) of Gujarat has held that extending the warehousing period of Baroda Rayon Corporation is not permissible when CESTAT finalised the payment of penalty and duty under Customs...
![Extending Warehousing Period of Baroda Rayon Corporation is not permissible when CESTAT finalised Payment of Penalty and Duty under Customs Act: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Warehousing-Period-Baroda-Rayon-Corporation-CESTAT-Payment-of-Penalty-Payment-of-Duty-Customs-Act-Gujarat-Highcourt-taxscan.jpg "Extending Warehousing Period of Baroda Rayon Corporation is not permissible when CESTAT finalised Payment of Penalty and Duty under Customs Act: Gujarat HC [Read Order]")
Earning from Foreign Exchange Fluctuations not in connection with Business Activity, Income Tax Addition not valid: Gujarat HC [Read Order]
The Gujarat High Court has held that in addition to income is invalid, as the earnings from foreign exchange fluctuations are not in connection with business activity. The revenue filed an appeal...
![Earning from Foreign Exchange Fluctuations not in connection with Business Activity, Income Tax Addition not valid: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Foreign-Exchange-Business-Activity-Income-Tax-Addition-Gujarat-HC-taxscan.jpg "Earning from Foreign Exchange Fluctuations not in connection with Business Activity, Income Tax Addition not valid: Gujarat HC [Read Order]")