Supreme Court of India
Proceedings against Banks for Non-Deduction of Tax: SC to Examine Whether NOIDA is a Corporation or Not
Against the order of the Allahabad High Court deleting proceedings against the banks for non -deduction of TDS on the interest income on fixed deposit...
7 days Time Limit for removing defects in Application for Initiation of Corporate Insolvency Resolution Process is not Mandatory: SC [Read Judgment]
In a recent Judgment, the Supreme Court of India held that, provision of removing the defects within seven days is directory and not mandatory in nature. The two judge bench comprising of Justice A.K...
SC upholds Levy of Dividend Distribution Tax on Companies having Agricultural Income [Read Judgment]
A two judge bench of the Supreme Court, last week, held that levy of dividend distribution tax (DDT) on Companies having agricultural income under section 115O of the Income Tax Act is not ultra vires...
![SC upholds Levy of Dividend Distribution Tax on Companies having Agricultural Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "SC upholds Levy of Dividend Distribution Tax on Companies having Agricultural Income [Read Judgment]")
SC Confirms Block Assessment since ‘Reasons to believe’ shall not be disclosed for Search Proceedings [Read Order]
A two-judge bench of the Supreme Court, by relying on the recent amendment in section 132/132A of the Income Tax Act held that the authorities shall not disclose the ‘reason to believe’ or ‘reason to...
Income Tax can be levied on Amount of enhanced Compensation and Interest received under Land Acquisition Act: SC [Read Order]
A two-judge bench of the Supreme Court in Commissioner of Income Tax Faridabad Commissioner v. Chet Ram (HUF) held that the amount of enhanced compensation and interest received on it under the Land...
Revisional Power under Haryana General Sales Tax Act cannot be Excercised after Its Repeal by VAT Act: SC [Read Judgment]
A two-judge bench of the Supreme Court, on Friday held that the exercise of revisional power under Section 40 of the Haryana General Sales Tax Act, 1973 after its repeal on 1.4.2003, by the Haryana...