Supreme Court of India
![Sec 10A of Income Tax Act is no longer an ‘Exemption Provision’, it is a provision for ‘Deduction’: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-of-India-Tax-Scan.jpg "Sec 10A of Income Tax Act is no longer an ‘Exemption Provision’, it is a provision for ‘Deduction’: SC [Read Judgment]")
Sec 10A of Income Tax Act is no longer an ‘Exemption Provision’, it is a provision for ‘Deduction’: SC [Read Judgment]
In a recent decision, the two-judge bench of the categorically held that section 10A of the Income Tax Act is a provision for “deduction” and not...
![Subvention Received by Assessee from Parent Company is a ‘Capital Reciept’, Not Taxable: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Subvention Received by Assessee from Parent Company is a ‘Capital Reciept’, Not Taxable: SC [Read Order]")
![Rental Income received by a Ruler from the Requisitioned Palace is not Taxable: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "Rental Income received by a Ruler from the Requisitioned Palace is not Taxable: SC [Read Judgment]")
No Irreparable loss if the judgment of the HC is not stayed; DND Flyover will continue Toll Free: SC [Read Order]
A three judge bench of Supreme Court of India led by Chief Justice T S Thakur today refused to stay the Allahabad High Court Judgment restraining Noida Toll Bridge Company Ltd from levying Toll Tax. ...
Levy of Entry Tax would not violate Right to Free Trade and Commerce guaranteed under Constitution, rules SC [Read Judgment]
A Nine Judge bench of Supreme Court of India today upheld the Constitutional validity of the various State Government legislations to levy Entry Tax for goods coming outside from its territory. The...
Sale among same Brand Holders would not amount to ‘First Sale’ for the purpose of KGST Act: SC [Read Judgment]
In a recent decision, the two-judge bench of the Supreme Court held that the sale of branded goods among a Holding Company and a subsidiary Company do not constitute “first sale” within the meaning of...
Surcharge under Orissa Sales Tax Act must be levied before deducting Amount of Entry Tax paid by a dealer: SC [Read Judgment]
In a recent decision, the two-judge bench of the Supreme Court, while upholding the validity of letter dated 20.11.2001, issued by the Orissa Government, has categorically held that the surcharge...
SC allows exemption to Raw-Materials purchased against Form III-B under U.P. Trade Tax Act [Read Judgment]
The two-judge bench of the Supreme Court, in a recent judgment upheld the order of the High Court, in which it was observed that,under the relevant provisions of the U.P. Trade Tax Act, 1948,...
Income from Sale of Assets of ongoing concern is Taxable as ‘Capital Gain” from the hands of the partner after the Dissolution of the Firm: SC [Read Judgment]
While upholding the order of the Karnataka High court, the two-judge bench of the Supreme Court observed that the income arising out of the sale of capital assets of a going concern by a partner to...