Category: Supreme Court
Supreme Court to decide difference between employees & employer contribution to PF, ESI for allowability under Section 43B of the Income Tax Act. In a recent case, the Hon’ble Supreme Court has admitted SLP to decide if there is difference between employees and employer contribution to PF, ESI …
Notification issued acquires the force of law only upon its publication in the Official Gazette – Supreme Court In a recent judgment, Hon’ble Supreme Court has held that a Notification issued acquires the force of law only upon its publication in the Official Gazette. The expression ‘date of …
Broken period interest paid on purchase of securities was revenue expenditure since the securities constituted stock-in-trade In a recent judgment, Hon’ble Supreme Court has dismissed the SLP against the judgment of Telangana High Court in holding that broken period interest paid on purchase of securities was revenue expenditure …
Individual contract for booking of persons for participation in an event is not “event management” contracts liable to service tax – Supreme Court In a recent judgment Hon’ble Supreme Court has held that Individual contract for booking of persons required for participation in the event are not commonly …
Capital gain on sale of unlisted equity shares transferred pursuant to an arrangement impermissible under law, not entitled to exemption under DTAA – SC In a recent judgment, Hon’ble Supreme Court has held that capital gain on sale of unlisted equity shares which were transferred pursuant to an …
Supreme Court issues directions to Committee of Creditors for safeguard interests of homebuyers in Insolvency proceedings In a recent judgment, Supreme Court has issued directions to Committee of Creditors for safeguard interests of homebuyers in Insolvency proceedings against the Builder/Real Estate developer Corporate Debtor ABCAUS Case Law Citation:4994 …
Condoning delay in filing audit report in Form 10B as CA of the assessee was not aware of newly introduced online filing – SLP of Revenue dismissed In a recent judgment, Hon’ble Supreme Court dismissed SLP of the Revenue against the judgment of the Bombay High Court in …
Burden of proof is on assessee to adduce cogent evidence that land sold was an agricultural land – Supreme Court dismisses SLP. In a recent judgment, Hon’ble Supreme Court dismissed SLP of the assessee against the judgment of Hon’ble Kerala High Court holding the land sold by the …
Mushroom growing apparatus cannot be classified as ‘agricultural machinery’ under Customs Tariff Heading 8436. In a recent judgment, Hon’ble Supreme Court has held that mushroom growing apparatus cannot be classified as ‘agricultural machinery’ under Chapter Heading 8436 under Customs Tariff. ABCAUS Case Law Citation:4977 (2026) (01) abcaus.in SC …
Statutory presumption attached to issuance of a cheque, being one made in discharge of a legally enforceable debt or liability, is required to be accorded due weight. In a recent judgment, Hon’ble Supreme Court held that the statutory presumption attached to the issuance of a cheque, being one …
