Supreme Court of India
SC Quashes Proceedings against CA since Disciplinary Committee couldn’t prove manipulation of figures in Certificate [Read Order]
In ICAI v. M.S Rathi, a two judge bench of the Supreme Court upheld the order of the Bombay High Court wherein the High Court held that professional...
![Service Tax cannot be Levied on Chit Fund Business as it would not amount to ‘Fund Management’: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Chit-Fund-Service-Tax.jpg "Service Tax cannot be Levied on Chit Fund Business as it would not amount to ‘Fund Management’: SC [Read Judgment]")
Provision Mandating Quoting of Aadhaar for IT Returns & PAN is valid: SC stays S. 139AA of IT Act till decision of Constitution Bench [Read Judgment]
Aadhaar Holders must link it with PAN, Non-Aadhaar Card Holders need not apply Aadhaar, says Supreme Court. A two-judge bench of the Supreme Court today stayed the application of Section 139AA of...
![Provision Mandating Quoting of Aadhaar for IT Returns & PAN is valid: SC stays S. 139AA of IT Act till decision of Constitution Bench [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Aadhaar.jpg "Provision Mandating Quoting of Aadhaar for IT Returns & PAN is valid: SC stays S. 139AA of IT Act till decision of Constitution Bench [Read Judgment]")
![Appy Fizz is Taxable @12.5% under the Kerala VAT Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Appy-Fizz.jpg "Appy Fizz is Taxable @12.5% under the Kerala VAT Act: Supreme Court [Read Judgment]")
Income from Sub-Letting Shop Rooms and Stalls are Assessable under the Head ‘Income from House Property’: SC [Read Judgment]
In a recent ruling, the Apex Court held that the income from sub-letting Shop Rooms and Stalls are assessable under the head “Income from House Property” under the Income Tax Act when the assessee has...
![Income from Sub-Letting Shop Rooms and Stalls are Assessable under the Head ‘Income from House Property’: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Sub-letting-1.jpg "Income from Sub-Letting Shop Rooms and Stalls are Assessable under the Head ‘Income from House Property’: SC [Read Judgment]")
![SC confirms Income Tax Deduction of Interest on Loans taken for Setting up the Industry [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "SC confirms Income Tax Deduction of Interest on Loans taken for Setting up the Industry [Read Order]")
Section 40(a)(ia) of Income Tax Act applies to both ‘Payable’ and ‘Paid’ Expenditures: SC [Read Judgment]
SC Overruled the decision of the Allahabad High Court in CIT v. Vector Shipping Services (P) Ltd. In Palam Gas Service v. CIT, the two-judge bench of the Supreme Cout has categorically held that...
![Section 40(a)(ia) of Income Tax Act applies to both ‘Payable’ and ‘Paid’ Expenditures: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Section 40(a)(ia) of Income Tax Act applies to both ‘Payable’ and ‘Paid’ Expenditures: SC [Read Judgment]")
![Essar is Liable to pay Rs. 1038.27cr as Power Duty: SC dismisses Appeal [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Essar-Taxscan.jpg "Essar is Liable to pay Rs. 1038.27cr as Power Duty: SC dismisses Appeal [Read Judgment]")
Preliminary Expenditure incurred on Public Issue is Capital in Nature, Not Deductible from Income Tax: SC [Read Judgment]
In CIT v. M/s Raghuvir Synthetic Ltd, the two-judge bench of the Supreme Court categorically held that preliminary expenditure incurred on public issue is capital in nature and this, being a settled...