Denatured Spirit not classifiable as 'Intoxicating Liquor' but Extra Neutral Alcohol is, says Kerala State to Supreme Court
The Supreme Court concluded its 9-judge Constitution Bench hearing on April 18, focusing on whether States have authority over regulating 'industrial...
Supreme Court Stays Criminal Proceedings to Prosecute DMK MP Kathir Anand, Initiated by Income Tax Department
A Two-Judge Bench of the Supreme Court stayed criminal proceedings against Dravida Munnetra Kazhagam (DMK) Member of Parliament (MP) which was initiated by the Income Tax Department. Durai Murugan...
No Service Tax on Issuance of Corporate Guarantee on behalf of Group Companies without Consideration: SC [Read Order]
In a significant case, the Supreme Court has held that the issuance of a corporate guarantee on behalf of group companies without consideration is not a taxable service and no need to levy service...
![No Service Tax on Issuance of Corporate Guarantee on behalf of Group Companies without Consideration: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Service-Tax-Issuance-Corporate-Guarantee-Group-Companies-Consideration-SC-TAXSCAN.jpg "No Service Tax on Issuance of Corporate Guarantee on behalf of Group Companies without Consideration: SC [Read Order]")
Valid Consideration is Necessary for a Service to be Taxable as per S. 65(44) of Finance Act: SC dismisses GST Dept. appeal [Read Order]
The Supreme Court of India has held that a valid consideration is necessary for a service to be taxable as per section 65(44) of Finance Act, 1994 and dismissed the GST departments’ appeal. ...
![Valid Consideration is Necessary for a Service to be Taxable as per S. 65(44) of Finance Act: SC dismisses GST Dept. appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/service-Taxable-Finance-Act-SC-GST-Dept-TAXSCAN.jpg "Valid Consideration is Necessary for a Service to be Taxable as per S. 65(44) of Finance Act: SC dismisses GST Dept. appeal [Read Order]")
Suits Violating Pre-Institution Mediation u/s 12 of Commercial Courts Act is liable to be Rejected: Supreme Court [Read Order]
The division bench of the Supreme Court has held that Section 12A of the Commercial Courts Act, which mandates pre- institution mediation, is mandatory and suits which are filed violating this...
![Suits Violating Pre-Institution Mediation u/s 12 of Commercial Courts Act is liable to be Rejected: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Pre-Institution-Mediation-Commercial-Courts-Act-Supreme-Court-taxscan.jpeg "Suits Violating Pre-Institution Mediation u/s 12 of Commercial Courts Act is liable to be Rejected: Supreme Court [Read Order]")
No GST Evasion on Mere Non-Extension of Validity of E-Way Bill as Traffic blockage due to agitation responsible for not providing smooth passage of Traffic: Supreme Court [Read Order]
The Supreme Court has held that no tax evasion on mere non-extension of Validity of E-Way Bill as traffic blockage due to agitation responsible for not providing smooth passage of traffic. The...
![No GST Evasion on Mere Non-Extension of Validity of E-Way Bill as Traffic blockage due to agitation responsible for not providing smooth passage of Traffic: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Tax-Evasion-E-Way-Bill-traffic-blockage-agitation-responsible-traffic-Supreme-Court-Taxscan.jpg "No GST Evasion on Mere Non-Extension of Validity of E-Way Bill as Traffic blockage due to agitation responsible for not providing smooth passage of Traffic: Supreme Court [Read Order]")
RBI’s directions are Statutorily Binding on Financial Institutions like SIDBI: Supreme Court [Read Judgment]
The Supreme Court held that the directions issued by the Reserve Bank of India (RBI) are Statutory Binding on Financial Institutions Like Small Industries Development Bank of India (SIDBI). ...
![RBI’s directions are Statutorily Binding on Financial Institutions like SIDBI: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/01/RBI-atutorily-Binding-Financial-Institutions-SIDBI-Supreme-Court-Taxscan.jpeg "RBI’s directions are Statutorily Binding on Financial Institutions like SIDBI: Supreme Court [Read Judgment]")