![Supreme Court refused to condone 431 Days Delay in filing Customs Appeal [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/12/500x300_2085789-customs-appeal-taxscan.webp "Supreme Court refused to condone 431 Days Delay in filing Customs Appeal [Read Judgement]")
Supreme Court refused to condone 431 Days Delay in filing Customs Appeal [Read Judgement]
A two-judge bench of Pankaj Mithal and Prasanna B. Varale dismissed the appeal on ground of delay. The appeal arose out of impugned final judgment and...
![Supreme Court dismisses Revenue SLP over Income Tax Evasion by Bogus LTCG and STCL Claims [Read Judgement]](https://images.taxscan.in/h-upload/2025/08/05/250x150_2073227-income-tax-evasion-taxscan.webp "Supreme Court dismisses Revenue SLP over Income Tax Evasion by Bogus LTCG and STCL Claims [Read Judgement]")
![No Automatic Dissolution on Partner’s Death: SC Condemns Indian Oil Corporation Limited for Arbitrary Denial of Kerosene Supply to Firm [Read Order]](https://images.taxscan.in/h-upload/2025/07/25/250x150_2068845-indian-oil-taxscan.webp "No Automatic Dissolution on Partner’s Death: SC Condemns Indian Oil Corporation Limited for Arbitrary Denial of Kerosene Supply to Firm [Read Order]")
S.95 IBC Plea Found Within Limitation Due to Debt Acknowledgment: Supreme Court Upholds NCLAT Ruling [Read Order]
In a recent ruling, the Supreme Court of India, upheld the National Company Law Appellate Tribunal (NCLAT)’s decision holding that a Section 95 Insolvency and Bankruptcy Code (IBC),2016, ...
![S.95 IBC Plea Found Within Limitation Due to Debt Acknowledgment: Supreme Court Upholds NCLAT Ruling [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2065163-section-s95-ibc-ibc-plea-found-within-limitation-due-limitation-due-plea-found-taxscan.webp "S.95 IBC Plea Found Within Limitation Due to Debt Acknowledgment: Supreme Court Upholds NCLAT Ruling [Read Order]")
No ITC for Dealer on Tax-Exempt Sales: Supreme Court Upholds Disallowance u/s 7(c) of UP VAT Act [Read Judgment]
The Supreme Court of India held that a dealer is not entitled to claim Input Tax Credit (ITC) on sales that are exempt from tax under Section 7(c) of the Uttar Pradesh Value Added Tax (UP VAT) Act,...
![No ITC for Dealer on Tax-Exempt Sales: Supreme Court Upholds Disallowance u/s 7(c) of UP VAT Act [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2025/04/Supreme-Court-Supreme-Court-UP-VAT-ITC-case-No-ITC-on-tax-exempt-sales-TAXSCAN.jpg "No ITC for Dealer on Tax-Exempt Sales: Supreme Court Upholds Disallowance u/s 7(c) of UP VAT Act [Read Judgment]")
Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]
The Supreme Court has recently held that broken period interest incurred on securities treated as stock-in-trade is in the nature of revenue expense and that Income Tax Deduction can be allowed on...
![Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/10/Income-Tax-Supreme-Court-Income-Tax-Deduction-stock-in-trade-Broken-Period-Interest-TAXSCAN.jpg "Broken Period Interest on Securities Considered as Stock-in-Trade is Revenue in Nature: Supreme Court allows Income Tax Deduction [Read Judgement]")
Assets of Subsidiary Company not to be Included in Insolvency Resolution Plan of Holding Company: Supreme Court [Read Judgement]
The Supreme Court has ruled that a holding company does not own its subsidiary's assets, and therefore, these assets cannot be included in the holding company's resolution plan. The appeal...
Invalid Reassessment Order as Mismatch in Reason Recorded in Reopening and Reason Supplied to assessee: Supreme Court Allows Exemption in Filing Verified Copy of ITAT Order
The Supreme Court has allowed the application seeking exemption in filing a verified copy of the Income Tax Appellate Tribunal Order (ITAT) wherein it was held that the reassessment order is Invalid...
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...
