Supreme Court of India
![When there is Ambiguity in Exemption Notification, it should be Interpreted in Favour of Revenue: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "When there is Ambiguity in Exemption Notification, it should be Interpreted in Favour of Revenue: SC [Read Judgment]")
When there is Ambiguity in Exemption Notification, it should be Interpreted in Favour of Revenue: SC [Read Judgment]
A five-judge bench of the Supreme Court today declared that when there is an ambiguity in an exemption notification, the view favouring the Revenue...
![PIL in Supreme Court challenges Govt’s decision to withdraw 54% of the Pending Tax Cases [Read Petition]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "PIL in Supreme Court challenges Govt’s decision to withdraw 54% of the Pending Tax Cases [Read Petition]")
Material Found during Survey in the Premises of Person Connected to the Assessee Can Be Used in Block Assessment of the Assessee: Supreme Court [Read Judgment]
In CIT vs. S. Ajit Kumar, the Supreme Court held that the material found in the course of survey in the premises of a person connected to the assessee could be used in Block Assessment of the...
Amendment Made by The Finance Act, 2010 in Section 40(a)(ia) of the Income Tax Act is Retrospective in Nature: SC [Read Judgment]
The Supreme Court in CIT vs. M/s. Calcutta Export Company, held that the amendment made to section 40(a)(ia) of the Income Tax Act, 1961 by the Finance Act, 2010 being curative in nature, applies...
![Amendment Made by The Finance Act, 2010 in Section 40(a)(ia) of the Income Tax Act is Retrospective in Nature: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Finance-Act-Supreme-Court-Taxscan.jpg "Amendment Made by The Finance Act, 2010 in Section 40(a)(ia) of the Income Tax Act is Retrospective in Nature: SC [Read Judgment]")
Benefit Received in the Nature of Cash or Money from Waiver of Loan is Non-Taxable under Section 28(iv) of IT Act: Supreme Court [Read Judgment]
In The Commissioner vs. Mahindra and Mahindra Ltd. the Supreme Court held that perquisite received in the form of waiver of loan cannot be taxed under Section 28(iv) of the Income Tax Act,1961, if the...
A Larger Bench Should Decide if Supporting Manufacturers are entitled to Deductions at par with Direct Exporters: SC [Read Judgment]
The Supreme Court has referred Commissioner of Income Tax vs. M/s Carpet India to a larger bench for reconsideration. The issue before the apex court was whether the supporting manufacturer who...
![A Larger Bench Should Decide if Supporting Manufacturers are entitled to Deductions at par with Direct Exporters: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Deductions-Supreme-Court-of-India-Taxscan.jpg "A Larger Bench Should Decide if Supporting Manufacturers are entitled to Deductions at par with Direct Exporters: SC [Read Judgment]")
![Issue of Classification of Coconut Oil: Supreme Court delivers Split Verdict [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/04/Coconut-Oil-Taxscan.jpg "Issue of Classification of Coconut Oil: Supreme Court delivers Split Verdict [Read Judgment]")
![Supreme Court Rejects plea of Firm Linked to Robert Vadra in Tax Evasion Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Robert-Vadra-Taxscan.jpg "Supreme Court Rejects plea of Firm Linked to Robert Vadra in Tax Evasion Case [Read Order]")