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...
![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]")
Principle of Mutuality not Applicable on Income Earned by Clubs through its Assets and Resources, from Persons who are not Members, Income Tax Applicable: Supreme Court [Read Judgement]
In a major decision the Supreme Court has ruled that the principle of mutuality is not applicable on income earned by clubs through its assets and resources, from persons who are not members and...
![Principle of Mutuality not Applicable on Income Earned by Clubs through its Assets and Resources, from Persons who are not Members, Income Tax Applicable: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/08/Principle-Mutuality-Income-Clubs-Assets-Persons-Income-Tax-Supreme-Court-TAXSCAN.jpg "Principle of Mutuality not Applicable on Income Earned by Clubs through its Assets and Resources, from Persons who are not Members, Income Tax Applicable: Supreme Court [Read Judgement]")
Dyeing Chemicals Embedded in Final Cloth is Leviable to Tax; not Waste Generated During Job Process: Supreme Court [Read Judgement]
The Supreme Court bench comprising Justice B.V. Nagarathna and Justice Prashant Kumar Mishra upheld the ruling of the Punjab and Haryana High Court. They stated that the tax shall be applicable to...
Credit Note Issued by Manufacturer to Dealer related to Replacement of Defective Part is a Valuable Consideration, Tata Motors Liable to Pay Sales Tax: Supreme Court [Read Judgement]
The Supreme Court has ruled that a credit note issued by an automobile manufacturer to a dealer related to defective Parts is a Valuable Consideration and held Tata Motors liable to pay Sales Tax. ...
![Credit Note Issued by Manufacturer to Dealer related to Replacement of Defective Part is a Valuable Consideration, Tata Motors Liable to Pay Sales Tax: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/05/CREDIT1.jpg "Credit Note Issued by Manufacturer to Dealer related to Replacement of Defective Part is a Valuable Consideration, Tata Motors Liable to Pay Sales Tax: Supreme Court [Read Judgement]")
Penalty u/s 45 of Gujarat Sales Tax Act is statutory and Mandatory, Commissioner/AO has no Discretionary Powers: Supreme Court [Read Order]
The Supreme Court in its recent judgement has held that the Commissioner or Assessing Officer has no discretionary powers on levying of penalty and interest leviable under Sections 45(6) and 47(4A)...
Bail Condition to Deposit of 70 Lakhs for wrongful availment of ITC based on FIR is invalid, no legal liability proven on GST Liability: Supreme Court [Read Order]
A two-judge bench of the Supreme Court has recently struck down the condition to deposit 70 Lakh Rupees, in bail granted to an accused allegedly involved in a GST scam of around 7 Crore Rupees. ...
![Bail Condition to Deposit of 70 Lakhs for wrongful availment of ITC based on FIR is invalid, no legal liability proven on GST Liability: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Bail-Deposit-ITC-FIR-GST-Liability-Supreme-Court-TAXSCAN.jpg "Bail Condition to Deposit of 70 Lakhs for wrongful availment of ITC based on FIR is invalid, no legal liability proven on GST Liability: Supreme Court [Read Order]")
Feminist Judgement from Supreme Court: “Individual” u/s 10(26AAA) of Income Tax Act includes both Men and Women,Excluding Married Women is “Discriminatory”
In a ruling striking down a part of section 10(26AAA) of Income Tax Act, 1961, the Supreme Court has held that denial of income tax exemption for “married Sikkimees women” is discriminatory as the...
