Vi not Obligated to Deduct TDS on Non-Resident Telecom Operator Payments: Supreme Court [Read Judgement]
The Supreme Court has ruled that Vodafone India is not obligated to deduct income tax TDS ( tax Deduction at Source ) on payments made to the...
Delhi Government proposes Motor Vehicles Tax Concession for New Registrations Linked to Scrapping Old Vehicles
The Delhi government is contemplating offering concessions on the Motor Vehicles Tax for new vehicle registrations, contingent upon the submission of a certificate confirming the scrapping of an old...
HC cannot sit as an Appellate authority Over an Order in Favour of Income Tax Dept passed by a coordinate Bench: Orissa HC [Read Order]
In a recent case, the Orissa High Court has held that the High Court ( HC ) cannot sit as an appellate authority over an order in favour of Income Tax Dept passed by a coordinate Bench. M/s....
![HC cannot sit as an Appellate authority Over an Order in Favour of Income Tax Dept passed by a coordinate Bench: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Orissa-High-Court-High-Court-Appellate-authority-Income-Tax-Income-Tax-Dept-Income-tax-department-income-tax-updates-TAXSCAN.jpg "HC cannot sit as an Appellate authority Over an Order in Favour of Income Tax Dept passed by a coordinate Bench: Orissa HC [Read Order]")
Insolvency Proceedings of Corporate Guarantor will not prevent Creditor in Filing CIRP against Corporate Debtor for Balance Debt: Supreme Court [Read Judgement]
In a significant decision, the Supreme Court held that a corporate guarantor's insolvency resolution under the Insolvency & Bankruptcy Code ( IBC ) of 2016 will not prevent the creditor from...
No Disqualification on Directors for non-Filing of Balance Sheets before FY 2014-15, Supreme Court observes Prima Facie [Read Judgement]
The Supreme Court has shown a preliminary agreement, prima facie with the Allahabad High Court's ruling that Section 164(2) of the Companies Act 2013, which mandates the disqualification of directors...
"Royalty is not Tax": Supreme Court says no Limitation on States to Levy Taxes on Mineral and Mining Rights [Read Judgement]
In a landmark decision, the Supreme Court's nine-judge constitution bench has ruled today by an 8:1 majority that states possess the authority to levy taxes on mineral rights. This ruling clarifies...
Assets of Subsidiary Company not to be Included in Insolvency Resolution Plan of Holding Company: Supreme Court [Read Judgement]
The Supreme Court has ruled that a holding company does not own its subsidiary's assets, and therefore, these assets cannot be included in the holding company's resolution plan. The appeal...
