Category: Supreme Court
Depreciation on goodwill in the hands of amalgamated company upheld as Assessing Officer had taken a plausible view in line with supreme court judgment. In a recent judgment, Hon’ble Supreme Court has dismissed the appeal of the Revenue against the judgment of Gujarat High Court upholding depreciation on …
Whether a prohibited claim in a contract applies only to the employer and not to the Arbitral Tribunal – Matter to be decided by larger bench of Supreme Court In a recent judgment, the Hon’ble Supreme Court has held that in Bharat Drilling case is not an authority …
Where a contractual employee is terminated on the sole ground of ineligibility, the Court is entitled to examine its correctness – SC In a recent judgment, Hon’ble Supreme Court has held that where a contractual employee is terminated on the sole ground of ineligibility, the Court is entitled …
Upon deceased acquiring family, GPF nomination in favour of mother became invalid and in absence of fresh nomination, mother and spouse had equal claim – SC In a recent judgment, the Hon’ble Supreme Court has held that upon the deceased acquiring family his earlier GPF nomination in favour …
Assessee was entitled to GST exemption on renting of residential dwelling as hostel to students and working professionals In a recent judgment, Hon’ble Supreme Court has held that the assessee was entitled to GST exemption on renting of residential dwelling as lessee in turn leased out the property …
Entire manufacturing process though by distinct units relevant for exemption from excise duty on account of manufacture without aid of power. In a recent judgment, Hon’ble Supreme Court has held that entire manufacturing process of conversion of grey fabrics into cotton fabrics though by distinct units is to …
For registration u/s 12AA if Commissioner’s satisfaction is limited to the objects of the Institution, or also to genuineness of its activities? – Special Leave Petition (admitted by Supreme Court In a recent case Hon’ble Supreme Court has admitted Petition of the Income Tax Department to consider the …
Mere preparation of income tax notice and forwarding the same for dispatch is not effective issuance of notice until it enters a computer resource outside the control of the AO. In a recent judgment, Hon’ble Supreme Court dismissed the SLP of the Revenue gainst the judgment of Telangana …
Agreement validly terminated prior to initiation of CIRP did not constitute “assets” or “property” of the corporate debtor u/s 14 of the IBC In a recent judgment, Hon’ble Supreme Court has held that Development Agreement and Supplementary Agreements validly terminated prior to the initiation of the second CIRP …
Mere filing a defective affidavit with IBC application not render the application non est and liable to be rejected In a recent judgment, Hon’ble Supreme Court had held that mere filing of a ‘defective’ affidavit in support of IBC application would, however, not render the very application non …
