Supreme Court and High Court Weekly Round-Up
This weekly round-up analytically summarises the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the...
![Supreme Court upholds Calcutta HC Verdict granting GST ITC in-spite of GSTR 2A - 3B Mismatch to Purchaser except in Exceptional Cases [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/12/Supreme-Court-SC-Calcutta-HC-input-tax-credit-Mismatch-to-Purchaser-gst-itc-gstr-TAXSCAN.jpg "Supreme Court upholds Calcutta HC Verdict granting GST ITC in-spite of GSTR 2A - 3B Mismatch to Purchaser except in Exceptional Cases [Read Judgement]")
![Satisfaction of Joint Commissioner not obtained u/s 151(2) of Income Tax Act before issuing Income Tax Notice: SC Condones Delay in SLP filed by Income Tax Dept [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Satisfaction-Joint-Commissioner-Income-Tax-Act-Income-Tax-Notice-SC-Condones-Delay-SLP-Income-Tax-Dept-TAXSCAN.jpg "Satisfaction of Joint Commissioner not obtained u/s 151(2) of Income Tax Act before issuing Income Tax Notice: SC Condones Delay in SLP filed by Income Tax Dept [Read Order]")
CBIC issues Instructions on GST Proceedings u/s 74(1) for Salary Secondment invoking Extended Limitation pursuant to Representations
The Central Board of Indirect Taxes and Customs (CBIC), in the instruction dated 13th December, 2023 directed the concerned officials that, “only in the cases where the investigation indicates that...
No Income Tax payable on Amount of Profit Transferred u/s 29(2)of SIDBI Act: Supreme Court Grants Leave [Read Order]
The Supreme Court of India has granted leave in the case that arose out of the impugned final judgment and order date passed by the High Court Of Judicature At Bombay wherein it held that Income Tax...
![No Income Tax payable on Amount of Profit Transferred u/s 29(2)of SIDBI Act: Supreme Court Grants Leave [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Income-Tax-payable-Amount-of-Profit-Profit-Transferred-Profit-Supreme-Court-Grants-Leave-TAXSCAN.jpg "No Income Tax payable on Amount of Profit Transferred u/s 29(2)of SIDBI Act: Supreme Court Grants Leave [Read Order]")
![525 Days Delay in filing SLP by Income Tax Commissioner: Supreme Court Dismisses SLP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/filing-SLP-Income-Tax-Commissioner-Income-Tax-Supreme-Court-Dismisses-SLP-Supreme-Court-taxscan.jpg "525 Days Delay in filing SLP by Income Tax Commissioner: Supreme Court Dismisses SLP [Read Order]")
Interim Relief to Flipkart: Supreme Court stays Patna HC's Rejection of GST Appeal for Pre-Deposit from ECRL instead of ECL, issues Notice
In a major relief to Flipkart Internet, The Supreme Court has issued a stay to the rejection of appeals by Patna High Court as non-maintainable for payment of Pre-Deposit for Goods and Services Tax...
Depreciation u/s 32(1)(ii) can't be allowed when No Goodwill has been acquired by a Subsidiary Company nor by any Purchase: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the depreciation under Section 32(1)(ii) of the Income Tax Act, 1961 cannot be allowed when no goodwill has been acquired by a...
![Depreciation u/s 32(1)(ii) cant be allowed when No Goodwill has been acquired by a Subsidiary Company nor by any Purchase: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Depreciation-No-Goodwill-Subsidiary-Company-Subsidiary-Company-nor-by-any-Purchase-ITAT-No-Goodwill-has-been-acquired-by-a-Subsidiary-Company-taxscan.jpg "Depreciation u/s 32(1)(ii) cant be allowed when No Goodwill has been acquired by a Subsidiary Company nor by any Purchase: ITAT [Read Order]")
Allegation of Sand Mining: Madras HC remarks ED summons to District Collectors a “Fishing Expedition” without Evidence of Crime Proceeds [Read Order]
In a significant case the Madras High court on allegation on sand mining case observed that the Enforcement Directorate (ED) had tried to carry out a "fishing inquiry" into sand mining...
