SC

SC: Dismisses SLP against HC order rejecting TDS applicability on Hockey World Cup reimbursements

SC dismisses Revenue’s SLP against Delhi HC judgement holding that no tax was deductible u/s 195 on payment made by assessee (Organizing Committee Hero Honda World Cup) to Federation of

Nov 15,2018

SC: Dismisses SLP against HC-order holding compensation for ‘ROFR’ breach as capital receipt

SC dismisses Revenue’s SLP against Bombay HC ruling in case of a Parle group company (assessee); HC had held that compensation received by assessee in AY 1998-99 for breach of

Oct 24,2018

SC: Reverses HC; Assessee not 'local authority' post 2002 amendment; Denies exemption u/s 10(20)

SC allows Revenue's appeals, denies Sec. 10(20) exemption to assessee (constituted under Rajasthan Urban Improvement Act, 1959) as it is no longer covered by the definition of local Authority as

Oct 15,2018

SC: Dismisses SLP against Manjula Shah ruling on indexation benefit, cites low tax effect

SC dismisses Revenue's SLP against Bombay HC ruling in Manjula J. Shah on account of low tax effect; HC had upheld ITAT Special Bench ruling to hold that while computing

Sep 27,2018

SC: Constitution Bench: Sec. 139AA meets ‘triple test’ of right to privacy; Upholds constitutional validity

SC Constitution Bench (majority view) upholds constitutional validity of Sec.139AA of the Income Tax Act, that makes Aadhaar mandatory for I-T returns and PAN cards; Examines validity of Section 139AA in the

Sep 26,2018

SC: Dismisses SLP against Sec. 68 addition confirmation considering ITAT's minute examination on ‘genuineness’

SC dismisses assessee-individual’s SLP challenging Gujarat HC order which upheld unexplained cash credit addition u/s 68; Addition was made with respect to receipt of unsecured loan despite confirmation from lender; HC had

Sep 07,2018

SC: Dismisses Revenue’s SLP against HC upholding Settlement Commission order granting immunity from penalties

SC dismisses Revenue’s SLP 'on the ground of delay as well as on merit' against Delhi HC order upholding Settlement Commission’s order granting immunity to assessee (engaged in liquor manufacturing

Aug 31,2018

SC: Imposes Rs 10 lakh cost on IT Department for unconvincing 500 days delay & 'misleading' statement

SC dismisses Revenue’s SLP, imposes costs of Rs. 10 lakh citing inadequate and unconvincing explanation given for 596 days delay in filing the petition; Also takes note of Revenue’s misleading

Aug 29,2018

SC: Reverses HC; Denies enhanced 100% deduction throughout 10-year tax-holiday u/s. 80-IC, despite undertaking ‘substantial expansion’

SC reverses Himachal Pradesh HC ruling and rules in favour of Revenue in a batch of about 30 cases, rejects  assessees’ enhanced deduction claim @ 100% u/s. 80-IC  beyond five

Aug 21,2018

SC: Dismisses SLP against HC rejecting capital-gains taxability on asset revaluation by firm

SC dismisses Revenue’s SLP challenging Bombay HC order, both on the grounds of delay and merits; During relevant AY 2008-09, the partnership firm (in which assessee-individual was a partner) was

Aug 10,2018

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