Supreme Court: Income Tax Settlement Commission's Purpose is to Enable the Assessee to Show Undisclosed Income Remands the matter back to allow the appellant to benefit from the settlement ...
Supreme Court allows proceedings against non-signatory to dishonored cheque Earlier, the Madras High Court had refused to quash the action against the joint-account holder stating the issue be...
Supreme Court upholds CESTAT order: Special effects & 3D conversion not ‘video-tape production’ services States the assessee was entitled to exemption under the Export of Service Rules, 2005,...
Supreme Court states government companies and PSUs are not authorized to defy Competition Act The observations were made in a judgment on the Coal India Limited case The Supreme Court has held...
Supreme Court: Competition Act is Applicable on Coal India Limited Despite being a Public Sector Undertaking The Supreme Court coram comprising of Justices KM Joseph, BV Nagarathna, and Ahsanuddin...
Supreme Court: Warranty Replacement by Dealer Against Credit Note Issued by Manufacturer is Exigible to Sales Tax The Supreme Court has ruled that a credit note issued by a manufacturer to a dealer...
Supreme Court Rules: Court Cannot After Setting Aside the Award, Proceed to Grant Further Relief by Modifying Award The Supreme Court by its division judge’s bench of Justices K.M. Joseph and B.V....
Supreme Court: Transfer of Development Rights of Land is Transfer of Capital Assets and Not Transfer of Stock in Trade The Supreme Court while quashing the judgment and order passed by the Bombay...
Supreme Court: Question of Mens Rea Not to be Considered when Levying Penalties Under Section 45 of the Gujarat Sales Tax Act, 1969 The Supreme Court while considering an appeal filed against...
Supreme Court: Profit Earned from DEPB / Duty Drawback Schemes is not elgibile for Deduction under Section 80-IB of Income Tax Act The Supreme Court by its coram compisring of Justices M.R. Shah and...
Supreme Court to examine non-signatory joint-account holder’s prosecution in dishonoured cheque The petitioners had argued that the Madras High Court refused to quash the proceedings and stated the...
Supreme Court dismisses ED’s appeal against bail to former DHFL promoters in Yes Bank money laundering case Notes that the brothers were not released on bail as they were then in CBI custody The...
