Supreme Court of India
Only Registered Promoter is Liable to Pay Tax under Kerala Lotteries Act: SC [Read Order]
The Supreme Court of India has held that Only Registered Promoter is Liable to Pay Tax under the Kerala Tax on Paper Lotteries Act, 2005. In instant...
![Trust Is Eligible for Depreciation Even though the Entire Expenditure Incurred for Acquisition of Capital Assets was treated as Application of Income: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Depreciation-Taxscan.jpg "Trust Is Eligible for Depreciation Even though the Entire Expenditure Incurred for Acquisition of Capital Assets was treated as Application of Income: SC [Read Order]")
![Selling of Bottled Water by Hotels/ Restaurants charging above MRP is not Illegal, says SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/12/Bottled-Water-Taxscan.jpg "Selling of Bottled Water by Hotels/ Restaurants charging above MRP is not Illegal, says SC [Read Judgment]")
An Industry which Ceases to be a SSI is not Eligible for Income Tax Deduction, says Supreme Court [Read Judgment]
The Supreme Court of India recently held that benefit of deduction under Section 80 IB(3) of the Income Tax Act 1961 cannot be given to an industry if it ceases to be a small scale industry. Assessee...
![An Industry which Ceases to be a SSI is not Eligible for Income Tax Deduction, says Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/09/Income-Tax-Deduction-Taxscan-1.jpg "An Industry which Ceases to be a SSI is not Eligible for Income Tax Deduction, says Supreme Court [Read Judgment]")
SC Allows Income Tax Deduction on Excise Duty Paid in Advance in the Personal Ledger Account [Read Judgment]
A two-judge bench of the Supreme Court of India, while dismissing a departmental appeal against M/s Modipon Ltd, categorically held that the advance deposit of central excise duty constitutes actual...
![SC Allows Income Tax Deduction on Excise Duty Paid in Advance in the Personal Ledger Account [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "SC Allows Income Tax Deduction on Excise Duty Paid in Advance in the Personal Ledger Account [Read Judgment]")
Advocates Who are Provisionally allowed to Participate in Election would face Action If their Law Degrees found Fake: SC Modifies earlier Order [Read Order]
While modifying the order passed on 23.08.2017, a two-judge bench of the Supreme Court said that appropriate orders will be taken against Advocates who are provisionally allowed to participate in...
![Petition challenging PAN-Aadhaar Linkage in SC dismissed as Withdrawn [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Aadhaar-PAN-Linking.jpg "Petition challenging PAN-Aadhaar Linkage in SC dismissed as Withdrawn [Read Order]")
Supreme Court Strikes down provision Imposing Twin Condition for granting Bail under Sec. 45 of PMLA [Read Judgment]
A two-judge bench of the Supreme Court today struck down the provisions of Section 45(1) of the Prevention of Money Laundering Act, 2002, insofar as it imposes two further conditions for release on...
![Supreme Court Strikes down provision Imposing Twin Condition for granting Bail under Sec. 45 of PMLA [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Supreme Court Strikes down provision Imposing Twin Condition for granting Bail under Sec. 45 of PMLA [Read Judgment]")
Money Laundering Case: SC Upholds Rejection of Bail to Rohit Tandon for Possession & Conversion of Demonetised Currency [Read Judgment]
While upholding the proceedings against Advocate Rohit Tandon, a three judge bench of the Supreme Court confirmed the Delhi High Courts’ order denying bail for possession and conversion of Demonetized...
![Money Laundering Case: SC Upholds Rejection of Bail to Rohit Tandon for Possession & Conversion of Demonetised Currency [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Rohit-Tandon-Taxscan.jpg "Money Laundering Case: SC Upholds Rejection of Bail to Rohit Tandon for Possession & Conversion of Demonetised Currency [Read Judgment]")