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![CIT has no Power to Cancel or Withdraw 12A Registration until It is Expressly Granted u/s. 12AA(3): SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/12A-Registration-Taxscan.jpg "CIT has no Power to Cancel or Withdraw 12A Registration until It is Expressly Granted u/s. 12AA(3): SC [Read Judgment]")
CIT has no Power to Cancel or Withdraw 12A Registration until It is Expressly Granted u/s. 12AA(3): SC [Read Judgment]
While hearing the case of Industrial Infrastructure Development Corporation (Gwalior) M.P. Ltd, a two-judge bench of the Supreme Court categorically...
![Discontinuance of Deduction for Eligible Projects: SC grants Exemption to Persons Donating Money for Construction of Specified Hospital [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Donating-Money-Taxscan.jpg "Discontinuance of Deduction for Eligible Projects: SC grants Exemption to Persons Donating Money for Construction of Specified Hospital [Read Order]")
![Sale of a Running Business with all Assets and Liabilities is a Slump Sale, would not attract Sec 50(2) of Income Tax Act: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "Sale of a Running Business with all Assets and Liabilities is a Slump Sale, would not attract Sec 50(2) of Income Tax Act: SC [Read Judgment]")
Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]
In CIT v. M/s Annamalaiar Mills, a two-judge bench of the Supreme Court categorically held that the amount received from a wholly-owned subsidiary in consideration of transfer of shares of the WOS to...
![Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-of-India-Tax-Scan.jpg "Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]")
Companies cannot Claim Deduction on ‘Premium’ Collected on its Subscribed Share Capital: SC [Read Judgment]
A two-judge bench of the Supreme Court of India today ruled that "premium" collected by a Company on its subscribed share capital is not “capital employed in the business of the Company" within the...
![Companies cannot Claim Deduction on ‘Premium’ Collected on its Subscribed Share Capital: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Companies cannot Claim Deduction on ‘Premium’ Collected on its Subscribed Share Capital: SC [Read Judgment]")