Supreme Court of India
Functions entrusted to division bench in a Writ Appeal is adjudicate questions of Law, not facts: SC [Read Order]
The two-judge bench of the Supreme Court, has recently opined that the jurisdiction of the division bench in a Writ Appeal is limited to adjudication...
Status of Assessee as a Lessor or Licensee is irrelevant to determine Property Tax Liability: SC [Read Judgment]
The Supreme Court of India, in a recent decision held that in order to determine the liability under section 120(1)(C) of the Delhi Municipal Corporation Act, 1957, the status of the assessee as a...
Supreme Court strikes down retrospective effect given to Amendment of Sub-section (20) of Section 19 of TNVAT Act [Read Judgment]
In a recent Judgment of Jayam & Co. vs Assistant Commissioner and Anr, the division bench of Supreme Court has struck down retrospective effect given to Amendment of Sub-section(20) of Section 19...
Iron & Steel Products are “Declared Goods" subject to provisions of Section 15 of the CST Act: Supreme Court [Read Judgment]
The Supreme Court in a significant ruling, held that the products such as “iron and steal” are “declared goods within the meaning of section 14 of the Central Sales Tax Act and therefore, are subject...
Income from Rent out Business is ‘Profits & gains of business’ not ‘Income from House property’: Supreme Court [Read Judgment]
In a recent case between M/s. Rayala Corporation Pvt. Ltd vs. Assistant Commissioner of Income Tax, the Supreme Court of India has declared that, Income which was arises from Rent out business...
![Income from Rent out Business is ‘Profits & gains of business’ not ‘Income from House property’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Rent-out-Business-Taxscan.jpg "Income from Rent out Business is ‘Profits & gains of business’ not ‘Income from House property’: Supreme Court [Read Judgment]")
Import of Crude Palm Oil which is not used exclusively for manufacture of soap or Industrial Fatty Acid not eligible for exemption: SC [Read Judgment]
In a recent ruling, the division bench of Supreme Court observed that, Crude Palm Oil (non-edible grade) which is not used exclusively for manufacture of soap or Industrial Fatty Acid not eligible for...
Parliament & Government not bound to the proposals made by the Finance Minister during Budget Speech: SC [Read Judgment]
The Division Bench of the Supreme Court, in a recent judgment expressed a view that the proposals made by the Finance Minister during his budget speech do not have the status of enactments and the...