Supreme Court

  • Income Tax

No re-opening notice could be issued to society after registration u/s 12A SLP dismissed by SC

No re-opening notice could be issued to society after registration u/s 12A for earlier assessment years in terms of 3rd…

4 months ago
  • ICAI

In ICAI ‘Open Book’ exam student is required to write answers not copy-paste – SC dismisses SLP

In ICAI Open Book’ methodology exam also the student required to write answers not copy-paste in the answer book –…

5 months ago
  • VAT

Disallowance of ITC under UP VAT Act 2008 not same as in Karnataka VAT – Supreme Court

Disallowance of ITC under UP VAT Act 2008 not same as in Karnataka VAT Act with respect to by-product/exempt goods…

6 months ago
  • Income Tax

In revision proceedings CIT cannot go beyond reasons given in SCN u/s 263 – SC dismisses SLP

In revision proceedings CIT cannot travel beyond the reasons given in the show-cause notice u/s 263 – Supreme Court dismisses…

7 months ago
  • Income Tax

Fixed Deposit Interest income of Clubs taxable, principle of mutuality not apply – Supreme Court

Interest income earned on fixed deposits of Clubs are taxable under Section 2(24) of the Income Tax Act and principle…

8 months ago
  • Service Tax

Show cause was illegal as classification of services mentioned was erroneous – Supreme Court

Service Tax show cause was illegal as classification of services mentioned was completely erroneous – Supreme Court In a recent…

8 months ago
  • Income Tax

Assessee not permitted to bypass assessment/ reassessment by invoking jurisdiction of High Court

Income Tax Act provides complete machinery for assessment/reassessment of tax, assessee is not permitted to abandon that machinery and invoke…

9 months ago
  • Income Tax

Before notice to director u/s 179, non recovery from Company to be established by Revenue

Before notice to director for recovery u/s 179, Revenue must establish recovery cannot be made from Private Company – SC…

9 months ago
  • Income Tax

Security deposit foregone could not be claimed as revenue expenditure

Security deposit given for renting a premise could not be treated as revenue expenditure when the deposit if foregone -…

10 months ago
  • Income Tax

Bitumen not valuable article u/s 69A as it requires large quantity to make it valuable – SC

Bitumen not valuable  article u/s 69A as it requires ownership in large quantity to treat it valuable - Supreme Court…

12 months ago