Category: Judgments

Exemption notification should be interpreted strictly. Assessee can not claim benefit of ambiguity-Supreme Court

Exemption notification should be interpreted strictly. Burden of proving applicability is on assessee who can not claim benefit of ambiguity-Supreme Court ABCAUS Case Law Citation: ABCAUS 2443 (2018) 07 SC This Constitution Bench was setup to examine the correctness of the ratio in Sun Export Corporation (Sun Export Case). The question was ­ what is the interpretative rule to be applied while  interpreting …

Merely by admission of appeal against ITAT order, Revenue can not get over it. Supreme Court upholds High Court’s order

Merely by admission of appeal against ITAT order, Revenue can not get over it. Supreme Court upholds High Court’s order and dismisses SLP of the Department     ABCAUS Case Law Citation: ABCAUS 2436 (2018) 07 SC The assessee was a charitable trust registered u/s 12A of the Income Tax Act, 1961 (the Act). During  the  course  of  assessment …