Rejection of Invoice Price of Imported Goods and Enhancement of Value should be Done in Accordance with Rule 8 of Customs Valuation Rules: Supreme Court [Read Order]
In a recent case, the Supreme Court of India held that the rejection of invoice price of imported goods and enhancement of the value of the imported...
![Relief to Birla Corporation: SC rejects Precedential Value of Ruling that GST Department not to have Benefit of Extended Period of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Relief-to-Birla-Corporation-SC-rejects-Precedentia-l-Value-of-Ruling-GST-Department-Benefit-of-Extended-Period-Limitation-TAXSCAN.jpg "Relief to Birla Corporation: SC rejects Precedential Value of Ruling that GST Department not to have Benefit of Extended Period of Limitation [Read Order]")
![Supreme Court Dismisses SLP Seeking Income Tax Search Based on Secret Information for Non- Prosecution [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2023/10/Supreme-Court-Dismisses-SLP-Seeking-Income-Tax-Search-Based-on-Secret-Information-for-Non-Prosecution-TAXSCAN.jpg "Supreme Court Dismisses SLP Seeking Income Tax Search Based on Secret Information for Non- Prosecution [Read Judgment]")
Relief To Kotak Mahindra Bank: Supreme Court Upholds Order of Settlement Commission Granting Immunity From Penalty Under Income Tax [Read Order]
The Supreme Court of India upheld the order of the settlement commission granting immunity to Kotak Mahindra from penalty under the Income Tax Act, 1961. The appellant-assessee, Kotak Mahindra...
![Relief To Kotak Mahindra Bank: Supreme Court Upholds Order of Settlement Commission Granting Immunity From Penalty Under Income Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Kotak-Mahindra-Bank-Supreme-Court-Settlement-Commission-Granting-Immunity-Penalty-Income-Tax-TAXSCAN.jpg "Relief To Kotak Mahindra Bank: Supreme Court Upholds Order of Settlement Commission Granting Immunity From Penalty Under Income Tax [Read Order]")
Dividend income from Indian Entities in Oman Treated as PE under Omani Tax Laws, Not Taxable in India: Supreme Court [Read Order]
The Supreme Court has held that dividend income from Indian entities in Oman is treated as a Permanent Establishment (PE) under Omani tax laws and is not taxable in India. M/s Krishak Bharti...
![Dividend income from Indian Entities in Oman Treated as PE under Omani Tax Laws, Not Taxable in India: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Dividend-income-Indian-Entities-Oman-Treated-PE-Omani-Tax-Laws-Not-Taxable-Supreme-Court-taxscan.jpg "Dividend income from Indian Entities in Oman Treated as PE under Omani Tax Laws, Not Taxable in India: Supreme Court [Read Order]")
Supreme Court upholds Income Tax Exemption granted on Dividend Income to Multi-State Cooperative Society with PE in Oman as per India-Oman DTAA [Read Order]
The Supreme Court has recently ruled that when an Indian entity's establishment operates in Oman and holds a 'Permanent Establishment' status under the Double Taxation Avoidance Agreement (DTAA), any...
Supreme Court Validates Retrospective Repeal of S.144B(9) of Income Tax Act, upholds Allahabad HC's Decision to Refer Case to Assessing Authority for Proper Hearing [Read Order]
In a significant judgment concerning the Constitutionality of retrospective repeal of Section 144-B(9) of the Income Tax Act, the Supreme Court bench of Justice B.V. Nagarathna and Justice Ujjal...
Ocean Freight not subject to Service Tax under RCM in case of CIF Imports: Supreme Court [Read Judgement]
In a recent ruling, the Supreme Court bench comprising Justice B.V. Nagarathna and Justice Ujjal Bhuyan, has dismissed the revenue's appeal and declared that there is no service tax under Reverse...
![Ocean Freight not subject to Service Tax under RCM in case of CIF Imports: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/09/Ocean-Freight-Service-Tax-RCM-CIF-Imports-Supreme-Court-Service-Tax-under-RCM-taxscan.jpg "Ocean Freight not subject to Service Tax under RCM in case of CIF Imports: Supreme Court [Read Judgement]")
Appeal Restoration shall be allowed when Taxpayer is Unsuccessful in Availing Benefit under Amnesty Scheme: Supreme Court [Read Judgement]
In a civil appeal case, the Supreme Court has noted that there is no specific prohibition against pursuing the restoration of the appeal when the taxpayer is unsuccessful in benefiting from the...
