![Court cannot Interfere with Union Executive’s Power to Amend/Withdraw Notifications u/s 25 of Customs Act: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Court-cannot-Interfere-with-Union-Executives-Power-Court-Withdraw-Notifications-Customs-Act-Supreme-Court-Taxscan.jpg "Court cannot Interfere with Union Executive’s Power to Amend/Withdraw Notifications u/s 25 of Customs Act: SC [Read Order]")
Court cannot Interfere with Union Executive’s Power to Amend/Withdraw Notifications u/s 25 of Customs Act: SC [Read Order]
The Supreme Court of India, in a significant judgement, has held that the court cannot interfere with the union executive’s power to amend/withdraw...
![Supreme Court delivers Split Verdict on Tax Holiday Exemption Applicability on Legitimate Expectation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Supreme-Court-Applicability-of-Tax-Exemption-legitimate-expectation-tax-holiday-exemption-applicability-Taxscan.jpg "Supreme Court delivers Split Verdict on Tax Holiday Exemption Applicability on Legitimate Expectation [Read Order]")
![Supreme Court upholds Pre-Import Condition to Claim IGST and GST Compensation Cess under Advance Authorisation Scheme [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/05/Supreme-Court-upholds-Pre-Import-Condition-IGST-Compensation-Cess-GST-Compensation-Cess-Advance-Authorisation-Scheme-Supreme-Court-Pre-Import-Condition-taxscan.jpg "Supreme Court upholds Pre-Import Condition to Claim IGST and GST Compensation Cess under Advance Authorisation Scheme [Read Judgement]")
![Income Tax Assessment u/s 153 A must be based on Incriminating Material: SC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Assessment-Income-Tax-Assessment-Incriminating-Material-Supreme-Court-Taxscan.jpg "Income Tax Assessment u/s 153 A must be based on Incriminating Material: SC [Read Judgement]")
Rule 96ZP of Central Excise Rules,1944 declared as Ultra Vires by Supreme Court: CESTAT deletes Penalty [Read Order]
The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) deleted the penalty demanded and held that Rule 96zp of Central Excise Rules, 1944 declared as ultra vires by the...
![Rule 96ZP of Central Excise Rules,1944 declared as Ultra Vires by Supreme Court: CESTAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Central-Excise-Rules-1944-Central-Excise-Rules-Rule-96ZP-of-Central-Excise-Rules-1944-declared-as-Ultra-Vires-by-Supreme-Court-CESTAT-deletes-Penalty-Supreme-Court-CESTAT-Penalty-Taxscan.jpg "Rule 96ZP of Central Excise Rules,1944 declared as Ultra Vires by Supreme Court: CESTAT deletes Penalty [Read Order]")
Transfer of Development Rights by Builder is Transfer of Capital Assets, not Stock in trade: SC quashes Bombay HC Judgment [Read Order]
The Two Bench of Justices M.R. Shah and B.V. Nagarathna of the Supreme Court invalidated the decisions of the Income Tax Appellate Tribunal (ITAT) and the Bombay High Court in order to uphold that...
![Transfer of Development Rights by Builder is Transfer of Capital Assets, not Stock in trade: SC quashes Bombay HC Judgment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Capital-Assets-Transfer-of-development-rights-Supreme-Court-Bombay-High-Court-Judgment-Stock-in-trade-Transfer-of-Development-Rights-by-Builder-is-Transfer-of-Capital-Assets-Taxscan.jpg "Transfer of Development Rights by Builder is Transfer of Capital Assets, not Stock in trade: SC quashes Bombay HC Judgment [Read Order]")
Talcum Powder with Medications are Cosmetics: Supreme Court Upholds Higher Tax Rate on ‘Nycil’ under "Medicated Talcum Powder" in Heinz India's Plea
The Supreme Court has declared that medicated prickly heat talcum powder 'Nycil' is a cosmetic and does not fall under the category of medicines or drugs, making its manufacturer Heinz India Ltd...
Official Liquidator Liable to Discharge Arrears of Property Tax and Water Tax being Post-Liquidation Liability: SC [Read Order]
The Supreme Court of India observed that the arrears of property tax and water tax until the date of confirmation of sale would qualify as the expenses for “preserving, realising or getting in” the...
![Official Liquidator Liable to Discharge Arrears of Property Tax and Water Tax being Post-Liquidation Liability: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Official-Liquidator-Liable-to-Discharge-Arrears-of-Property-Tax-and-Water-Tax-Official-Liquidator-Arrears-of-Property-Tax-and-Water-Tax-Post-Liquidation-Liability-Post-Liquidation-Supreme-Court-Taxscan.jpg "Official Liquidator Liable to Discharge Arrears of Property Tax and Water Tax being Post-Liquidation Liability: SC [Read Order]")