Supreme Court of India
![Compensation received under Compulsory Land Acquisition is not Capital Gain even if the same was negotiated among the parties: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Compensation received under Compulsory Land Acquisition is not Capital Gain even if the same was negotiated among the parties: SC [Read Judgment]")
Compensation received under Compulsory Land Acquisition is not Capital Gain even if the same was negotiated among the parties: SC [Read Judgment]
Recently, in Balakrishnan v. Union of India, the two-judge bench of the Supreme Court categorically held that negotiation on amount compensation...
Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]
The two judge bench of Supreme Court of India yesterday held that, payments received by Hindu Undivided Family (HUF) is considered as deemed dividend within the meaning of Section 2(22)(e) of the...
![Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-Tax-Scan.jpg "Payment Received by an HUF is ‘Deemed Dividend’ if one of its member is Shareholder with Substantial Interest: SC [Read Judgment]")
Writ Petition challenging Sec 148 Notice is maintainable before the High Court: Supreme Court [Read Order]
The Supreme Court recently, remanded the writ petitions dismissed by the High Courts on ground that such petitions are not maintainable before the Court by pointing out the Apex Court decision in...
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 “exemption”. The Court, however, clarified that, the...
![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]")
Subvention Received by Assessee from Parent Company is a ‘Capital Reciept’, Not Taxable: SC [Read Order]
The two-judge bench of the Supreme Court of India held that the amount of voluntary subvention (subsidies) paid by a Parent Company to its subsidiary company is Capital Receipt and the same is not...