Supreme Court of India
Order of Continuation of Anti-Dumping duty made After Expiry of Duty Period is Invalid: SC [Read Judgment]
A two-judge bench of the Supreme Court held that the order of continuation of Anti-dumping duty, made after expiry of the duty period is invalid under...
![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]](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]")
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...
![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...
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 policy matter and no judicial review is required in...
Amount Received for Promotion of Formula One Event is Taxable in India: SC upholds Delhi HC Judgment [Read Judgment]
In a significant ruling, Supreme Court of India upheld the Delhi High Court Judgment that, the consideration received by the Formula One Asset Management Ltd (FOAM) as per the license agreement...
![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]
In CIT v. Equinox Solution Pvt. Ltd, the two-judge bench of the Supreme Court held that the sale of a running business with all its assets and liabilities would not be covered by section 50(2) of the...
![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]")