![Limitation Act Applies to Courts and not to Quasi-Judicial Bodies, Unless Expressly Empowered: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/2118451-limitation-act-supreme-court-ruling-taxscan.webp "Limitation Act Applies to Courts and not to Quasi-Judicial Bodies, Unless Expressly Empowered: Supreme Court [Read Order]")
Limitation Act Applies to "Courts" and not to Quasi-Judicial Bodies, Unless Expressly Empowered: Supreme Court [Read Order]
The SupremeCourt has ruled that limiation act only applies to “courts” and not to quasi-judicial bodies unless they are expressly empowered in that...
![Retrospective Application of S.433 of Companies Act Rejected: SC Holds CLB Cannot Borrow NCLT’s Powers [Read Order]](https://images.taxscan.in/h-upload/2026/01/12/2118468-retrospective-application-s433-comapnies-act-rejected-sc-clb-cannot-borrow-nclt-powers-taxscan.webp "Retrospective Application of S.433 of Companies Act Rejected: SC Holds CLB Cannot Borrow NCLT’s Powers [Read Order]")
![Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to Condone 730-day Delay [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/11/2118353-income-tax-reassessment-calcutta-hc-sc-slp-taxscan.webp "Income Tax Reassessment Passed in Violation of Calcutta HC Stay: SC dismisses SLP refusing to Condone 730-day Delay [Read Judgement]")
![Changing Company Name & PAN Shifts Jurisdictional Income Tax Officer: Supreme Court sustains Quashing of Escaped Income Notice [Read Order]](https://images.taxscan.in/h-upload/2026/01/10/2118156-pan-shifts-jurisdictional-income-tax-officer-supreme-court-sustains-quashal-escaped-income-notice-taxscan.webp "Changing Company Name & PAN Shifts Jurisdictional Income Tax Officer: Supreme Court sustains Quashing of Escaped Income Notice [Read Order]")
Share Substitution on Amalgamation Involving Stock-in-Trade May be Taxable u/s 28 Subject to Realisability: Supreme Court [Read Judgement]
The Supreme court has clarified that receipt of shares of the amalgamated company in substitution of stock-in-trade can give rise to taxable business profits under Section 28 of Income Tax Act,...
![Share Substitution on Amalgamation Involving Stock-in-Trade May be Taxable u/s 28 Subject to Realisability: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/10/2118136-share-substitution-amalgamation-stock-in-trade-realisability-supreme-court-taxscan.webp "Share Substitution on Amalgamation Involving Stock-in-Trade May be Taxable u/s 28 Subject to Realisability: Supreme Court [Read Judgement]")
Supreme Court Upholds ITAT Order Restoring Income Tax Appeal Despite Pending Settlement Proceedings [Read Order]
The Supreme Court has upheld the order of the Income Tax Appellate Tribunal (ITAT) restoring an income tax appeal even though settlement proceedings before the Income Tax Settlement Commission were...
![Supreme Court Upholds ITAT Order Restoring Income Tax Appeal Despite Pending Settlement Proceedings [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/2117981-supreme-court-upholds-itat-order-restoring-income-tax-appeal.webp "Supreme Court Upholds ITAT Order Restoring Income Tax Appeal Despite Pending Settlement Proceedings [Read Order]")
Revenue’s “No ITR Filed” Claim Backfires: Supreme Court sustains Deletion of Income Tax Addition made without Proof [Read Judgement]
The Supreme Court has declined to interfere with a ruling by the Gujarat High Court by which a reassessment initiated on a mistaken premise was quashed along with the deletion of an income tax...
![Revenue’s “No ITR Filed” Claim Backfires: Supreme Court sustains Deletion of Income Tax Addition made without Proof [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/09/2117977-supreme-court-income-tax-ruling-taxscan.webp "Revenue’s “No ITR Filed” Claim Backfires: Supreme Court sustains Deletion of Income Tax Addition made without Proof [Read Judgement]")
Village Officer Certificate Alone Not Enough to Prove Agricultural Land: Supreme Court upholds Capital Gains Tax on Sale of Land [Read Order]
The Supreme Court has upheld the levy of capital gains tax on the sale of land, holding that a Village Officer certificate alone is not sufficient to prove that the land sold was agricultural. ...
![Village Officer Certificate Alone Not Enough to Prove Agricultural Land: Supreme Court upholds Capital Gains Tax on Sale of Land [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/2117843-village-officer-certificate-enough-prove-agricultural-land-supreme-court-upholds-capital-gains-tax-sale-land-taxscan.webp "Village Officer Certificate Alone Not Enough to Prove Agricultural Land: Supreme Court upholds Capital Gains Tax on Sale of Land [Read Order]")
AO Cannot Invoke S.147/148 to Reopen Income Tax Assessment Solely on Search Material Without S.153C Satisfaction Note: Gujarat HC [Read Order]
The Gujarat High Court has ruled that a jurisdictional AO cannot invoke reassessment through Sections 147 or 148 of the Income Tax Act, 1961 exclusively based on the search material without...
![AO Cannot Invoke S.147/148 to Reopen Income Tax Assessment Solely on Search Material Without S.153C Satisfaction Note: Gujarat HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/2117809-reopen-income-tax-assessment-solely-search-material-taxscan.webp "AO Cannot Invoke S.147/148 to Reopen Income Tax Assessment Solely on Search Material Without S.153C Satisfaction Note: Gujarat HC [Read Order]")
Supreme Court Grants Bail to Amtek Group Promoter in alleged ₹673 Crore Bank Fraud Case under PMLA [Read Order]
The Supreme Court has granted bail to Arvind Dham, former promoter and non-executive Chairman of the Amtek Group, in a money laundering case linked to an alleged Rs. 673 crore bank fraud under the...
![Supreme Court Grants Bail to Amtek Group Promoter in alleged ₹673 Crore Bank Fraud Case under PMLA [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/2117589-bank-fraud-case-taxscan.webp "Supreme Court Grants Bail to Amtek Group Promoter in alleged ₹673 Crore Bank Fraud Case under PMLA [Read Order]")
Magistrate Cannot Take Cognizance of Time-Barred Cheque Dishonour Complaint Without Condoning Delay First: Supreme Court [Read Order]
In a recent decision, the Supreme Court said that a magistrate can't take notice of a cheque bounce case if it's filed late without condoning the delay first. The case was brought by S. Nagesh,...
![Magistrate Cannot Take Cognizance of Time-Barred Cheque Dishonour Complaint Without Condoning Delay First: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/2117587-magistrate-cannot-take-cognizance-of-time-barred-cheque-dishonour-complaint-without-condoning-delay-first-supreme-court-taxscan.webp "Magistrate Cannot Take Cognizance of Time-Barred Cheque Dishonour Complaint Without Condoning Delay First: Supreme Court [Read Order]")