![Advancement of GPU cannot be interpreted as Charitable Purposes If Done as Business, No Income Tax Exemption: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/GPU-Income-Tax-Exemption-Supreme-Court-taxscan.jpg "Advancement of GPU cannot be interpreted as Charitable Purposes If Done as Business, No Income Tax Exemption: Supreme Court [Read Judgment]")
Advancement of GPU cannot be interpreted as 'Charitable Purposes' If Done as Business, No Income Tax Exemption: Supreme Court [Read Judgment]
The Supreme Court of India, observed that “Charitable Purposes” under Section 2(15) of the Income Tax Act, 1961 does not include advancement of...
![ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-business-expediency-payment-genuine-transaction-TAXSCAN.jpeg "ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]")
![Multi System Operator liable to pay Service Tax only on Gross amount received by them from LCO: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Multi-System-Operator-Service-Tax-LCO-CESTAT-TAXSCAN.jpg "Multi System Operator liable to pay Service Tax only on Gross amount received by them from LCO: CESTAT [Read Order]")
![Wrong Mentioning of Provision: Supreme Court upholds HC Order Quashing Penalty Proceedings under Customs Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Supreme-Court-Penalty-Customs-Act-taxscan.jpg "Wrong Mentioning of Provision: Supreme Court upholds HC Order Quashing Penalty Proceedings under Customs Act [Read Order]")
Setback to Hero Motocorp Ltd: Supreme Court rejects plea of 100% Budgetary Support, Directs State Governments and the GST Council to consider Representations [Read Judgment]
The Supreme Court, on Monday, rejected the plea of Hero Motorcorp Ltd wherein the Company pleaded to allow 100% Budgetary Support after the enactment of GST. While dismissing the plea, Justice...
![Setback to Hero Motocorp Ltd: Supreme Court rejects plea of 100% Budgetary Support, Directs State Governments and the GST Council to consider Representations [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Hero-Motocorp-Ltd-Supreme-Court-GST-Council-TAXSCAN-1.jpeg "Setback to Hero Motocorp Ltd: Supreme Court rejects plea of 100% Budgetary Support, Directs State Governments and the GST Council to consider Representations [Read Judgment]")
Stock Brokers must pay for and obtain Separate Certificates of Registration from SEBI for each Stock Exchange: Supreme Court [Read Judgment]
The Supreme Court, in a recent ruling, has held that, stockbrokers not only have to obtain a separate certificate of registration from SEBI for each stock exchange where he operates, at the same...
![Stock Brokers must pay for and obtain Separate Certificates of Registration from SEBI for each Stock Exchange: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Stock-Brokers-Certificates-Registration-SEBI-Stock-Exchange-Supreme-Court-TAXSCAN.jpeg "Stock Brokers must pay for and obtain Separate Certificates of Registration from SEBI for each Stock Exchange: Supreme Court [Read Judgment]")
Denial of Input Rebate under MP VAT Act: HC cannot Entertain Writ Petition Challenging Assessment on Merits, rules Supreme Court [Read Judgment]
In a recent ruling, a two-judge bench of the Supreme Court has quashed an order of the Madhya Pradesh High Court wherein the High Court set aside an assessment order passed by the department denying...
![Denial of Input Rebate under MP VAT Act: HC cannot Entertain Writ Petition Challenging Assessment on Merits, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Denial-MP-VAT-Act-HC-Assessment-Merits-Supreme-Court-TAXSCAN.jpg "Denial of Input Rebate under MP VAT Act: HC cannot Entertain Writ Petition Challenging Assessment on Merits, rules Supreme Court [Read Judgment]")
Appeal against CESTAT Order challenging Rate of Tax lies before Supreme Court: Madhya Pradesh HC [Read Order]
High Court of Madhya Pradesh Bench while dismissing an appeal filed by the assessee has upheld the objection by Revenue that where taxability is subject matter of challenge, the appeal would lie to...
![Appeal against CESTAT Order challenging Rate of Tax lies before Supreme Court: Madhya Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Appeal-CESTAT-Order-Tax-Supreme-Court-Madhya-Pradesh-HC-taxscan.jpeg "Appeal against CESTAT Order challenging Rate of Tax lies before Supreme Court: Madhya Pradesh HC [Read Order]")
Limitation Period for Issuance of SCN may be extended in Fraud Cases: Supreme Court upholds Proceedings against Forged DEPB Licenses [Read Judgment]
Upholding the decision of the High Court of Punjab and Haryana at Chandigarh, the Supreme Court of India held that “Fraud” vitiates everything and the delay in issue of Show Cause Notice (SCN) was...
![Limitation Period for Issuance of SCN may be extended in Fraud Cases: Supreme Court upholds Proceedings against Forged DEPB Licenses [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/SCN-Fraud-Cases-Supreme-Court-DEPB-Licenses-taxscan.jpeg "Limitation Period for Issuance of SCN may be extended in Fraud Cases: Supreme Court upholds Proceedings against Forged DEPB Licenses [Read Judgment]")
Income Tax Deduction Not Available for Delayed Deposit of Contributions towards EPF/ESI Funds: Supreme Court [Read Judgment]
In a significant ruling, the Supreme Court held that income tax deduction under section 36(1)(va) and section 43B of the Income Tax Act, 1961shall not be available to the late deposit of...
![Income Tax Deduction Not Available for Delayed Deposit of Contributions towards EPF/ESI Funds: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Deduction-Deposit-EPF-ESI-Supreme-Court-taxscan.jpeg "Income Tax Deduction Not Available for Delayed Deposit of Contributions towards EPF/ESI Funds: Supreme Court [Read Judgment]")
Bombay HC grants bail to Anil Deshmukh in Money Laundering Case, Holds Remote chance of fleeing [Read Order]
The Bombay High Court granted bail to Former Maharashtra State Home Minister, Anil Deshmukh in a Money Laundering Case filed by the Enforcement Directorate (ED). The Allegations have also been...
