![Supreme Court holds Education Cess not Allowable as Expenditure u/s 40(a)(ii) as amended retrospectively in Budget 2022 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Supreme-Court-Education-Cess-Expenditure-Budget-2022-taxscan.jpg "Supreme Court holds Education Cess not Allowable as Expenditure u/s 40(a)(ii) as amended retrospectively in Budget 2022 [Read Order]")
Supreme Court holds Education Cess not Allowable as Expenditure u/s 40(a)(ii) as amended retrospectively in Budget 2022 [Read Order]
The Supreme Court has held the education cess paid to be not allowable as expenditure under Section 40(a)(ii) of the Income Tax Act, 1961 amended...
![Claim of Interest Subsidy from State Govt is Capital Receipt: ITAT grants relief to Birla Corporation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Interest-Subsidy-Interest-Subsidy-from-State-Govt-Capital-Receipt-ITAT-Birla-Corporation-taxscan.jpg "Claim of Interest Subsidy from State Govt is Capital Receipt: ITAT grants relief to Birla Corporation [Read Order]")
![Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Reassessment-Proceedings-Initiated-during-Pendency-of-Rectification-Application-is-Invalid-Supreme-Court-TAXSCAN.jpg "Income Tax Reassessment Proceedings Initiated during Pendency of Rectification Application is Invalid: Supreme Court [Read Order]")
![High Court cant decide on Tax ability of Payments received from Indian Customers on Centralized Services When Appeal pending before Supreme Court: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/High-Court-cant-decide-on-Taxability-of-Payments-Centralized-Services-supreme-Court-Delhi-HC-TAXSCAN.jpg "High Court cant decide on Tax ability of Payments received from Indian Customers on Centralized Services When Appeal pending before Supreme Court: Delhi HC [Read Order]")
No GST Exemption for Spinal Muscular Atrophy Medicine: 'Policy decision', says Supreme Court [Read Order]
The Supreme Court two-judge bench of Justice M R Shah and Justice C T Ravikumar held that, a Writ of Mandamus cannot be issued directing the Government to exempt the medicine to cure Spinal Muscular...
![No GST Exemption for Spinal Muscular Atrophy Medicine: Policy decision, says Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/GST-Supreme-Court-GST-Exemption-Spinal-Muscular-Atrophy-taxscan.jpg "No GST Exemption for Spinal Muscular Atrophy Medicine: Policy decision, says Supreme Court [Read Order]")
Tax Evasion: Supreme Court grants Bail to Proprietor of Galaxy Tobacco for Clandestine Transportation of Chewing Tobacco [Read Order]
The Supreme Court of India has recently granted bail to Ratnambar Kaushik, proprietor of Galaxy Tobacco for alleged clandestine transportation of chewing tobacco. The Special Leave Petition was heard...
![Tax Evasion: Supreme Court grants Bail to Proprietor of Galaxy Tobacco for Clandestine Transportation of Chewing Tobacco [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Tax-Evasion-Tax-Supreme-Court-Bail-Galaxy-Tobacco-Tobacco-taxscan.jpg "Tax Evasion: Supreme Court grants Bail to Proprietor of Galaxy Tobacco for Clandestine Transportation of Chewing Tobacco [Read Order]")
CBEC Circular on Valuation in case of Sale of Goods Partly to Related and Independent Parties Not Violative of Central Excise Laws: Supreme Court [Read Order]
The Supreme Court, on Monday upheld the validity of the circular issued by the Central Board of Excise and Customs (CBEC), now CBIC, and held that the circular dated 1.7.2002 regarding valuation of...
![CBEC Circular on Valuation in case of Sale of Goods Partly to Related and Independent Parties Not Violative of Central Excise Laws: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/CBEC-CBEC-Circular-Central-Excise-Laws-Central-Excise-Excise-Law-Supreme-Court-taxscan.jpg "CBEC Circular on Valuation in case of Sale of Goods Partly to Related and Independent Parties Not Violative of Central Excise Laws: Supreme Court [Read Order]")
Non-formation of GST Tribunal: Gujarat HC issues notice to Central Govt in Refund Claim Case [Read Order]
The Gujarat High Court has recently issued notice to the Central Government seeking the steps taken towards the formulation of Goods and Services Tax (GST) Tribunal in a Civil Application filed by...
![Non-formation of GST Tribunal: Gujarat HC issues notice to Central Govt in Refund Claim Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Non-formation-of-GST-Tribunal-Gujarat-HC-issues-notice-to-Central-Govt-in-Refund-Claim-Case-TAXSCAN-1.jpg "Non-formation of GST Tribunal: Gujarat HC issues notice to Central Govt in Refund Claim Case [Read Order]")
Oxygen not a 'Raw-Material' for Manufacture of Steel, not Eligible for Concessional Sales Tax Rate: Supreme Court [Read Order]
In a ruling against the manufacturers of Tata Steel, the Supreme Court has held that oxygen cannot be treated as a “raw material” for the manufacturing of the product steel, and therefore, not...
![Oxygen not a Raw-Material for Manufacture of Steel, not Eligible for Concessional Sales Tax Rate: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Oxygen-Not-a-Raw-Material-for-Manufacture-of-Steel-Not-Eligible-for-Concessional-Sales-Tax-Rate-Supreme-Court-TAXSCAN.jpg "Oxygen not a Raw-Material for Manufacture of Steel, not Eligible for Concessional Sales Tax Rate: Supreme Court [Read Order]")
VAT on Sale of Food, Refreshments and Drinks including Liquors by Club to Members: Madras HC dismisses Petition against Notice [Read Order]
A single Bench of the Madras High Court dismissed petition against notice regarding Value Added Tax (VAT) on Sale of Food, Refreshments and Drinks including Liquors by Club to Members. The...
![VAT on Sale of Food, Refreshments and Drinks including Liquors by Club to Members: Madras HC dismisses Petition against Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/VAT-on-Sale-of-Food-Refreshments-and-Drinks-including-Liquors-by-Club-to-Members.jpg "VAT on Sale of Food, Refreshments and Drinks including Liquors by Club to Members: Madras HC dismisses Petition against Notice [Read Order]")