Supreme Court of India
Sale effected by the Brand Name holder to be treated as the First Sale under Kerala GST Act: Supreme Court [Read Judgment]
The division bench of the Supreme Court while rejecting the plea of the appellant-assessee to treat the sales at the hands of the manufacturer as...
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...
![No Entry Tax for products ‘Mediker and ‘Revive’, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Mediker-and-Revive-Tax-Scan.jpg "No Entry Tax for products ‘Mediker and ‘Revive’, rules Supreme Court [Read Judgment]")
Purchase of ‘Slot Charter’ must be treated as Deemed Tonnage even in the absence of a “Valid Certificate”: SC
In a recent ruling, the division bench of Supreme Court has ruled that, Purchase of ‘Slot Charter’ must be treated as Deemed Tonnage even in the absence of a “Valid Certificate” in case of a Shipping...
