Proceedings u/s 140(5) of Companies Act persist after Resignation of Auditors: Supreme Court upholds Constitutional Validity of Provision [Read Order]
Auditors play a very important role in the affairs of the company and therefore they have to act in the larger public interest.” Justice MR Shah...
![Cooperative Credit Society Eligible for Income Tax Exemption u/s 80(P)(2) of Income Tax Act: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cooperative-Credit-Society-Income-Tax-Exemption-Income-Tax-Act-Supreme-Court-TAXSCAN.jpg "Cooperative Credit Society Eligible for Income Tax Exemption u/s 80(P)(2) of Income Tax Act: Supreme Court [Read Order]")
![Date Provided in Scheme of Amalgamation is Effective Date: SC Dismisses SLP [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/05/Scheme-of-Amalgamation-Amalgamation-Supreme-Court-SLP-Supreme-Court-Dismisses-SLP-Taxscan.jpg "Date Provided in Scheme of Amalgamation is Effective Date: SC Dismisses SLP [Read Judgement]")
![Date of Panchnama Last Drawn is Starting Point of Limitation of Two Years for Completing Block Assessment Proceedings: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Date-of-Panchnama-Starting-Point-Limitation-Block-Assessment-Proceedings-Assessment-Proceedings-Supreme-court-Taxscan.jpg "Date of Panchnama Last Drawn is Starting Point of Limitation of Two Years for Completing Block Assessment Proceedings: SC [Read Order]")
![Conditions u/s 45 PMLA applicable to Anticipatory Bail applications for Money Laundering Offence: SC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/02/PMLA-Anticipatory-Bail-applications-Money-Laundering-Offence-Supreme-Court-taxscan.jpg "Conditions u/s 45 PMLA applicable to Anticipatory Bail applications for Money Laundering Offence: SC [Read Judgement]")
Transfer of Assets in Favour of Retiring Partner on Revaluation attracts Income Tax u/s 45(4): Supreme Court [Read Order]
The Supreme Court bench of Justice M R Shah and Justice M M Sundresh recently held that, the transfer of assets in favour of retiring partners on revaluation of assets of the partnership firm...
![Transfer of Assets in Favour of Retiring Partner on Revaluation attracts Income Tax u/s 45(4): Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Transfer-of-Assets-Retiring-Partner-Income-Tax-Supreme-Court-taxscan.jpg "Transfer of Assets in Favour of Retiring Partner on Revaluation attracts Income Tax u/s 45(4): Supreme Court [Read Order]")
No Appeals can be dismissed by HC, as not maintainable u/s130(1) of Customs Act, holding tenable before Supreme Court, rules SC
The Supreme Court of India ruled that no appeals can be dismissed by HC, as not maintainable under Section 130(1) of the Customs Act holding that it is tenable before the Supreme Court. M/s Such Silk...
GST on Lease / Rent Payments: PIL in Supreme Court challenging Constitutional Validity [Read Order]
A plea has been filed before the Supreme Court challenging constitutional validity of levy of GST on lease/ rent payments where a bench of Justice M.R. Shah and Justice B.V. Nagarathna has asked the...
![GST on Lease / Rent Payments: PIL in Supreme Court challenging Constitutional Validity [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/GST-Lease-Rent-Payments-PIl-Supreme-Court-Constitutional-Validity-taxscan.jpeg "GST on Lease / Rent Payments: PIL in Supreme Court challenging Constitutional Validity [Read Order]")
SC stays Delhi HC order declaring IGST Imposition on Oxygen Concentrators Imported by Individuals as Unconstitutional
The Apex Court on Tuesday stayed the Delhi High Court order declaring the imposition of Integrated Goods and Services Tax (IGST) on the import of oxygen concentrators as gifts for personal use to be...
![Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Ex-promoters-Companies-Act-Supreme-Court-Taxscan.jpeg "Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]")
Supreme Court to hear appeal against Kerala HC Judgment which Declared Kerala Tax on Paper Lotteries Act Unconstitutional [Read Order]
The Apex Court will hear the appeal against Kerala HC Judgment which Declared Kerala Tax on Paper Lotteries Act Unconstitutional. The Kerala High Court ruled that levy of license fee on the draw...
![Supreme Court to hear appeal against Kerala HC Judgment which Declared Kerala Tax on Paper Lotteries Act Unconstitutional [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Supreme-Court-appeal-Kerala-High-Court-Judgment-Kerala-Tax-Paper-Lotteries-Act-Taxscan.jpg "Supreme Court to hear appeal against Kerala HC Judgment which Declared Kerala Tax on Paper Lotteries Act Unconstitutional [Read Order]")
Bar under Section 10A IBC on initiation of CIRP applies retrospectively, Even if CIRP Application Filed Before introduction of Section 10A: Supreme Court [Read Judgment]
The Supreme Court held that Section 10A of the Insolvency and Bankruptcy Code (IBC) bars initiation of the Corporate Insolvency Resolution Process (CIRP) with respect to a default that occurred on or...
![Bar under Section 10A IBC on initiation of CIRP applies retrospectively, Even if CIRP Application Filed Before introduction of Section 10A: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Bar-IBC-CIRP-CIRP-Application-Filed-Supreme-Court-Taxscan-1.jpg "Bar under Section 10A IBC on initiation of CIRP applies retrospectively, Even if CIRP Application Filed Before introduction of Section 10A: Supreme Court [Read Judgment]")