Supreme Court of India
CESTAT Order is not Appealable If the same was passed on due consideration of all Material Facts: SC lays down Conditions for Admitting Appeal [Read Judgment]
In a landmark ruling, the two-judge bench of the Supreme Court categorically held that the order of the CESTAT would become final if the same was...
![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]")
![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]")
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...
![Companies cannot Claim Deduction on ‘Premium’ Collected on its Subscribed Share Capital: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Companies cannot Claim Deduction on ‘Premium’ Collected on its Subscribed Share Capital: SC [Read Judgment]")
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...
![A Lessee, Who Reimbursed the Cost of Construction of the Leasehold Property cannot Claim Depreciation: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "A Lessee, Who Reimbursed the Cost of Construction of the Leasehold Property cannot Claim Depreciation: SC [Read Order]")
Assessment Proceedings cannot be Re-Open on the basis of Audit Objection, rules SC [Read Judgment]
‘Audit Objection’ cannot be construed as ‘Information’ within the meaning of Section 19 of the Bihar Finance Act, 1981. The Supreme Court of India yesterday ruled that, Assessment Proceedings...
A Chartered Accountant can be punished for the Misconduct Committed during the existence of Certificate of Practice: SC [Read Order]
In a recent order in Council of Institute of Chartered Accountants of India v. Deepak Gupta, the two-judge bench of the Supreme Court observed that the proved misconduct by a Chartered Accountant at...
Income from use of ‘Maersk Net' is not Taxable in India as ‘Fee for Technical Service’ as per Indo-Denmark DTAA: SC [Read Judgment]
The two-judge bench of the Supreme Court in DIT(IT) v. A.P. Moller Maersk A S, Â categorically held that the income from the use of Global Telecommunication Facility called 'Maersk Net' can be...