Category: Supreme Court
Entrance fee received by Club capital receipt not revenue. Supreme Court dismissed SLP of the Income Tax Department ABCAUS Case Law Citation ABCAUS 3634 (2023) (01) SC Important Case Laws relied upon:CIT vs. Diners Business Services Pvt. Ltd 263 ITR 1 (Bom.) In the instant case. SLP was …
Goods manufactured using advance modern/ technology not diversification i.e. different commercial activity – Supreme Court denies exemption u/s 4A of UP Trade Tax Act. ABCAUS Case Law Citation ABCAUS 3632 (2023) (01) SC Important Case Laws relied upon:Commissioner of Sales Tax, Orissa and Anr. Vs. Jagannath Cotton Company …
Applicability of interest tax on interest component in hire-purchase agreement. Supreme Court set asides the addition and upheld fact findings of ITAT ABCAUS Case Law Citation ABCAUS 3630 (2023) (01) Important Case Laws relied upon:The Commissioner of Income Tax v. M/s Muthoot Leasing & Finance LimitedSundaram Finance Limited …
Whether AO applied his mind or not is question of fact not law – SC dismisses SLP of Department challenging setting aside of revisionary order passed u/s 263 of the Income Tax Act 1961 ABCAUS Case Law CitationABCAUS 3621 (2022) (11) SC In the instant case, the Income …
Challenged to IBC by a Chartered Accountant refused by Supreme Court for want of locus and bonafide. ABCAUS Case Law CitationABCAUS 3619 (2022) (11) SC In the instant case, a Chartered Accountant (CA) has in the guise of public interest to sought to invoke the jurisdiction of the …
Airlines required to deduct tax at source (TDS) u/s 194H on supplementary commission of travel agents – Supreme Court ABCAUS Case Law CitationABCAUS 3617 (2022) (11) SC Important Case Laws relied upon by partiesHindustan Coca Cola Beverages Pvt. Ltd. v.Commissioner of Income TaxAhmedabad Stamp Vendors Ass.v. Union of …
For exemption 10(23C), educational institutions cannot have objects unrelated to education. All objects must relate to imparting education – Supreme Court ABCAUS Case Law CitationABCAUS 3615 (2022) (10) SC Important Case Laws relied upon by parties American Hotel and Lodging Association vs. Central Board of Direct Taxes (2008)10 …
Disallowance of belated deposit of Employees’ contribution of PF/ESI u/s 43B even if deposited before due date of ITR filing -Supreme Court settles the law ABCAUS Case Law CitationABCAUS 3614 (2023) (10) SC Important Case Laws relied upon by parties Allied Motors (P) Ltd. v Commissioner of Income …
Definition of secured creditor in IBC does not exclude Government or Governmental Authority – Supreme Court ABCAUS Case Law CitationABCAUS 3610 (2022) (09) SC Important Case Laws relied upon by parties Swiss Ribbons (P) Ltd. v. Union of IndiaVishal Saxena & Anr. vs. Swami Deen Gupta Resolution ProfessionalAssistant …
A general statement that escapement of income is due to failure of assessee to disclose fully and truly all material facts necessary for his assessment is not enough and is change of opinion. Hon’ble Supreme Court dismisses SLP of Department ABCAUS Case Law CitationABCAUS 3609 (2022) (08) SC …
