![Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/IBC-Customs-Act-execution-of-Moratorium-SC-taxscan.jpeg "Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]")
Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]
The Three Judge Bench of the Supreme Court of India Held that On Execution of Moratorium, Insolvency and Bankruptcy Code (IBC) Prevails over Customs...
![Supreme Court strikes down Amendment prescribing Punishment for entering into Benami Transactions [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/08/Supreme-Court-Punishment-Benami-transactions-taxscan.jpeg "Supreme Court strikes down Amendment prescribing Punishment for entering into Benami Transactions [Read Judgment]")
![SC strikes down Rules Governing Conduct of Tribunals introduced by Finance Bill, 2017 [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-of-India-1-Tax-Scan.jpg "SC strikes down Rules Governing Conduct of Tribunals introduced by Finance Bill, 2017 [Read Judgment]")
Subvention Received by Assessee from Parent Company is a ‘Capital Reciept’, Not Taxable: SC [Read Order]
The two-judge bench of the Supreme Court of India held that the amount of voluntary subvention (subsidies) paid by a Parent Company to its subsidiary company is Capital Receipt and the same is not...
![Subvention Received by Assessee from Parent Company is a ‘Capital Reciept’, Not Taxable: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Subvention Received by Assessee from Parent Company is a ‘Capital Reciept’, Not Taxable: SC [Read Order]")
Import of Crude Palm Oil which is not used exclusively for manufacture of soap or Industrial Fatty Acid not eligible for exemption: SC [Read Judgment]
In a recent ruling, the division bench of Supreme Court observed that, Crude Palm Oil (non-edible grade) which is not used exclusively for manufacture of soap or Industrial Fatty Acid not eligible for...
Application of Mind is an essential thing in deciding a Case in relation to revenue; Supreme Court [DOWNLOAD JUDGMENT]
The Supreme Court recently decided that there must be application of mind by the Tribunal while deciding a case. The Bench comprising of Justice Dipak Misra and Justice N V Ramana opined this while...