Supreme Court of India
Issue of Exemption Notification u/s 11C is purely a Policy Matter of the Govt, No Scope for Judicial Review: SC [Read Judgment]
In a significant ruling, the Supreme Court held that the power vested under the Central Government under section 11C of the Excise Act is purely a...
![Amount Received for Promotion of Formula One Event is Taxable in India: SC upholds Delhi HC Judgment [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/12/Formula-One-Tax-Scan.jpg "Amount Received for Promotion of Formula One Event is Taxable in India: SC upholds Delhi HC Judgment [Read Judgment]")
![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]")
![Mandatory Quoting of Aadhaar for filing ITR: SC Likely to Hear Petition on Monday [Read Petition]](https://www.taxscan.in/wp-content/uploads/2017/03/Aadhaar.jpg "Mandatory Quoting of Aadhaar for filing ITR: SC Likely to Hear Petition on Monday [Read Petition]")
Packaging Activity at a Stage before the Removal of Goods from Factory cannot be Treated as ‘Cargo Handling Service’: SC [Read Order]
In a significant ruling, a two-judge bench of the Supreme Court held that ‘packaging activity’ at a stage before the removal of goods from the factory cannot be treated as “Cargo Handling Service”. ...
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]")
Block Assessment in the name of a Dead Person is Valid if No Objection was raised at the Time of Notice: SC [Read Order]
The two-judge bench of the Supreme court, recently ruled that assessment under secton 158BC of the Income Tax Act made in the name of a dead person cannot be held as invalid if no objection were...
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...
A Lessee, Who Reimbursed the Cost of Construction of the Leasehold Property cannot Claim Depreciation: SC [Read Order]
The Title of an immovable property having value of more than Rs. 100/- cannot be deemed as transferred without registration. In a recent ruling, the two-judge bench of the supreme court...