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...
![Depreciation Claim is Mandatory for Claiming Benefit of s. 80-IA of Income Tax Act: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Depreciation Claim is Mandatory for Claiming Benefit of s. 80-IA of Income Tax Act: SC [Read Judgment]")
![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...
![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]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "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]")
Sec 52A of Kerala Court Fee Act applies Prospectively: SC Clarifies Payment of Court Fee on IT Appeals [Read Judgment]
A two-judge bench of the Supreme Court recently ruled that Section 52A of the Kerala Court Fee and suit Valuation Act, 1959 inserted w.e.f October 26, 2002, has no retrospective effect and therefore,...
![Bottling of LPG amounts to ‘Production’: SC allows Deduction [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Bottling-of-LPG-Taxscan.jpg "Bottling of LPG amounts to ‘Production’: SC allows Deduction [Read Judgment]")
Order of Continuation of Anti-Dumping duty made After Expiry of Duty Period is Invalid: SC [Read Judgment]
A two-judge bench of the Supreme Court held that the order of continuation of Anti-dumping duty, made after expiry of the duty period is invalid under the law. While confirming the High Court order,...
Issue of Exemption Notification u/s 11C is purely a Policy Matter of the Govt, No Scope for Judicial Review: SC [Read Judgment]
In a significant ruling, the Supreme Court held that the power vested under the Central Government under section 11C of the Excise Act is purely a policy matter and no judicial review is required in...
Amount Received for Promotion of Formula One Event is Taxable in India: SC upholds Delhi HC Judgment [Read Judgment]
In a significant ruling, Supreme Court of India upheld the Delhi High Court Judgment that, the consideration received by the Formula One Asset Management Ltd (FOAM) as per the license agreement...
![Amount Received for Promotion of Formula One Event is Taxable in India: SC upholds Delhi HC Judgment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/12/Formula-One-Tax-Scan.jpg "Amount Received for Promotion of Formula One Event is Taxable in India: SC upholds Delhi HC Judgment [Read Judgment]")