SC

SC: Dismisses SLP; Sec. 80IB deduction allowable despite non-filing of audit report with return

SC dismisses Revenue’s SLP against Allahabad HC ruling allowing Sec 80-IB benefit on additional income declared in return filed u/s 153A pursuant to search despite assessee's failure to file audit

Mar 15,2017

SC: Declines to interfere in exercise of jurisdiction u/s 263 absent leakage of revenue

SC declines to interfere in Revenue’s appeal against challenging Delhi HC order in the case of NTPC Ltd. (‘asessee’); Delhi HC had set aside CIT's erroneous exercise of revision powers

Mar 13,2017

SC: Dismisses SLP; Affirms non-maintainability of rectification application for matters decided in appeal

SC dismisses SLP against Madras HC judgement which had dismissed assessee’s (finance and leasing company) rectification plea u/s. 154 of Income Tax Act for exclusion of lease rentals from block

Mar 07,2017

SC: 'Global telecommunication facility' cost reimbursed by Indian agents not FTS; Upholds Bombay-HC ruling

SC dismisses Revenue’s appeal challenging Bombay HC decision in the case of A.P. Moller Maersk A/S (assessee, a Danish shipping company); Holds that amounts received by the assessee from its

Feb 23,2017

SC: Dismisses Revenue's SLP; Upholds ‘phase-wise’ business set-up for Sardar Sarovar project

SC dismisses Revenue’s SLP against Gujarat HC judgement in case of Sardar Sarovar Narmada Nigam Ltd. (‘assessee’ engaged in execution of ‘Sardar Sarovar  Project’, mainly consisting of construction of dam

Feb 22,2017

SC: Convicts Sasikala; IT-order doesn't certify lawfulness of 'source', irrelevant in corruption proceedings

SC overturns Karnataka HC ruling and restores Trial Court verdict convicting AIADMK leader, Ms. Sasikala Natarajan in disproportionate assets case, Trial Court had held accused guilty in corruption case and

Feb 14,2017

SC: Dismisses Revenue's SLP in IBM; Human skill transfer, database payments - revenue expenditure

SC dismisses Revenue’s SLP against Karnataka HC ruling in the case of IBM Global Services India Private Ltd. (‘assessee’) for AY 1998-99; HC had held that payments for domestic customer database

Feb 13,2017

SC: Dismisses SLP; Upholds HC ruling quashing TDS-default proceedings beyond 4 yrs

SC dismisses Revenue’s SLP against Delhi HC judgement in case of Tata Teleservices Ltd.; HC had quashed Sec.201(1)/(1A) proceedings on assessee in respect of TDS default on pre-paid cards payments

Feb 09,2017

SC: Grants immunity from prosecution despite belated tax payments contravening Settlement Commission directions

SC allows assessee’s appeal, grants immunity from prosecution u/s 245H despite tax & interest payments made beyond the time specified by Settlement Commission vide its final order u/s 245D(4); SC

Jan 23,2017

SC: Loose paper-sheets "irrelevant, inadmissible" evidence; Rejects investigation plea in Sahara/Birla case

SC dismisses petition filed by Shanti Bhushan & Prashant Bhushan, seeking constitution of Special Investigation Team, directing investigation of the allegedly incriminating material seized in CBI/tax department raids conducted on

Jan 19,2017

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