![Exemption Period of 10 years u/s 80-IC is to be calculated from the Initial Year of Substantial Expansion: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "Exemption Period of 10 years u/s 80-IC is to be calculated from the Initial Year of Substantial Expansion: Supreme Court [Read Judgment]")
Exemption Period of 10 years u/s 80-IC is to be calculated from the Initial Year of Substantial Expansion: Supreme Court [Read Judgment]
The Supreme Court in Mahabir Industries vs. Principal Commissioner of Income Tax, held that the periods for which deductions were availed earlier by...
![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]")
![Cenvat Credit on GTA service availed for transport of goods from place of removal to buyers premises is not admissible w.e.f 01.04.2008: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Goods-Transport-Agency-GTA-Taxscan.jpg "Cenvat Credit on GTA service availed for transport of goods from place of removal to buyers premises is not admissible w.e.f 01.04.2008: SC [Read Judgment]")
Disciplinary Proceedings can’t be initiated against a Lawyer for the acts not related to Professional Conduct: SC [Read Judgment]
A two-judge bench of the Supreme Court, while quashing the disciplinary actions against a lawyer, observed that no disciplinary proceedings can be initiated against lawyers for their acts unrelated to...
![Petition challenging PAN-Aadhaar Linkage in SC dismissed as Withdrawn [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Aadhaar-PAN-Linking.jpg "Petition challenging PAN-Aadhaar Linkage in SC dismissed as Withdrawn [Read Order]")
Education Cess paid alongwith Excise Duty is Refundable in cases where no Duty is Payable, says Supreme Court [Read Judgment]
A two-judge bench of the Supreme Court, on Friday held that the manufactures who paid excise duty in terms with the exemption notification No. 20/2007-Ex can claim refund of education cess and higher...
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...
![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]")
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]")