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...
![Supreme Court remands Income Tax Matter for Determination of Purpose of Short Term FD Accounts, Nature Of Income [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/10/Supreme-Court-Income-Tax-Matter-Determination-of-Purpose-FD-Accounts-Nature-Of-Income-TAXSCAN.jpg "Supreme Court remands Income Tax Matter for Determination of Purpose of Short Term FD Accounts, Nature Of Income [Read Judgement]")
![No Formal Notice to Income Tax Dept in High Court Hearing: Supreme Court allows Petitioner to Raise Jurisdictional Error w.r.t. Limitation Period [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Supreme-Court-Income-Tax-Jurisdictional-Error-Limitation-Period-TAXSCAN.jpg "No Formal Notice to Income Tax Dept in High Court Hearing: Supreme Court allows Petitioner to Raise Jurisdictional Error w.r.t. Limitation Period [Read Order]")
Formation of Trust for Compliance of CSR Requirements not Reason for Denying Registration u/s 12AA of Income Tax Act: SC condones Delay of 265 Days [Read Order]
The Supreme Court condoned delay of 265 days in the challenge regarding the judgment that the formation of trust for compliance of corporate social responsibility ( CSR ) requirements not reason for...
![Formation of Trust for Compliance of CSR Requirements not Reason for Denying Registration u/s 12AA of Income Tax Act: SC condones Delay of 265 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Supreme-Court-Income-Tax-Formation-of-Trust-Denying-Registration-TAXSCAN.jpg "Formation of Trust for Compliance of CSR Requirements not Reason for Denying Registration u/s 12AA of Income Tax Act: SC condones Delay of 265 Days [Read Order]")
Monetary Limits for Filing of Income Tax Appeals by Department: SCÂ dismisses Revenue Appeal w.r.t low Tax Effect [Read Order]
In a recent case, the Supreme Court while observing the monetary limits for filing of income tax appeals by the department dismissed the revenue appeal with respect to the low tax effect. The...
![Monetary Limits for Filing of Income Tax Appeals by Department: SCÂ dismisses Revenue Appeal w.r.t low Tax Effect [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Supreme-Court-SC-Income-Tax-Appeals-Revenue-Appeal-Monetary-Limits-Income-Tax-Appeals-Taxscan.jpg "Monetary Limits for Filing of Income Tax Appeals by Department: SCÂ dismisses Revenue Appeal w.r.t low Tax Effect [Read Order]")
ITR Filed without Regular Balance Sheet and Profit & Loss Account is Defective, not invalid; AO holds Responsibility for Notifying Defects: Supreme Court [Read Judgement]
The Supreme Court has asserted that Income Tax Returns ( ITRs ) filed without a regular balance sheet and profit and loss account may be deemed defective but are certainly not invalid. The decision,...
![ITR Filed without Regular Balance Sheet and Profit & Loss Account is Defective, not invalid; AO holds Responsibility for Notifying Defects: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/01/itr-income-tax-returns-supreme-court-ITR-filing-defects-Supreme-Court-ruling-on-ITR-taxscan.jpg "ITR Filed without Regular Balance Sheet and Profit & Loss Account is Defective, not invalid; AO holds Responsibility for Notifying Defects: Supreme Court [Read Judgement]")
Relief to Vodafone Idea: Supreme Court upholds Dismissal of Appeal filed with Delay of 2472 days[Read Judgement]
The Division Bench of the Supreme Court comprising Justice B.V. Nagarathna and Justice UjjalIndia has granted relief to Vodafone Idea upholding the dismissal of the appeal filed with a delay of 2472...
Supreme Court Redirects Tax Disputes on Electricity Generation to Respective State High Courts, Union of India Granted Liberty to Expedite Resolutions [Read Order]
The Supreme Court of India has taken a pivotal decision to transfer the ongoing tax disputes related to electricity generation to the respective State High Courts. Union of India, the petitioner in...
Entry and Variable Annual Licence Fees Paid to Telecom Department is Capital in Nature, Amortisation Permitted u/s 35ABB of Income Tax Act: Supreme Court [Read Order]
In a significant Supreme Court ruling, the bench of Justice B. V. Nagarathna and Justice Ujjal Bhuyan declared that the entry and variable annual licence fees paid to the Department of Telecom (DoT)...
![Entry and Variable Annual Licence Fees Paid to Telecom Department is Capital in Nature, Amortisation Permitted u/s 35ABB of Income Tax Act: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Entry-Variable-Annual-Licence-Fees-Paid-Telecom-Department-Capital-in-Nature-Amortisation-Permitted-Income-Tax-Act-Supreme-Court-TAXSCAN.jpg "Entry and Variable Annual Licence Fees Paid to Telecom Department is Capital in Nature, Amortisation Permitted u/s 35ABB of Income Tax Act: Supreme Court [Read Order]")