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

SC: Deftly handles SLP against Cyprus blacklisting, guides assessee towards CBDT's rescission notification

SC disposes of SLP against Madras HC ruling upholding the blacklisting of Cyprus as a '‘non-cooperative jurisdiction’ u/s 94A;  Pursuant to assessee producing before the court a copy of the recent CBDT

Jan 16,2017

SC: Dismisses assessee’s SLP challenging share-application money probe u/s 263

SC dismisses assessee’s SLP against Calcutta HC order in the case of Rajmandir Estates Pvt. Ltd. for AY 2009-10; HC had upheld CIT’s Sec. 263 order directing further investigation into share application

Jan 14,2017

SC: Dismisses United Breweries' SLP against disallowance of guarantee commission payment to Mallya

SC dismisses United Breweries Ltd.’s SLP against Karnataka HC ruling for AYs 1990-91 to 1992-93; HC had denied deduction u/s 37 for guarantee commission paid by United Breweries to its Chairman cum

Jan 13,2017

SC: Dismisses SLP; Sec 271D penalty levy upheld for accepting cash-loan from director

SC dismisses assessee’s SLP against Rajasthan HC judgement upholding levy of penalty u/s 271D for Sec 269SS violation; During AYs 1992-93 and 1993-94, assessee (engaged in cement manufacturing) had accepted

Jan 12,2017

SC: Upholds deemed dividend addition on HUF despite shares issued in Karta's name

SC upholds deemed dividend addition u/s 2(22)(e) on assessee-HUF for AY 2006-07 with respect to loan/advances received from one concern (in which it beneficially held more than 10% share-capital); Rejects

Jan 05,2017

SC: Dismisses Revenue's SLP; Invoking revision-proceedings u/s 263 barred in case of "inadequate inquiry"

SC dismisses Revenue’s SLP challenging Bombay HC order quashing CIT’s order u/s 263 (revision proceedings) for AYs 2007-08 and 2008-09; CIT (A) had set aside assessment orders due to lack

Dec 30,2016