SC: Notes MAP resolution, dismisses infructuous Revenue SLP on UK firm taxability

SC dismisses Revenue’s SLP against Calcutta HC decision in case of P&O Nedlloyd granting India-UK DTAA benefits to assessee (a UK partnership firm); Observing that assessee has accepted the terms contained in MAP resolution

Sep 07,2016

SC: Confirms HC; Timelimit u/s 275(1)(c) applicable for penalty with respect to Sec. 269SS/T default

SC dismisses Revenue’s appeal against Rajasthan HC ruling in Hissaria Brothers deleting penalty u/s 271D/E for Sec 269SS/T default (accepting/repaying loan in cash); HC had held that penalty order was

Aug 30,2016

SC: Dismisses review petition; Upholds Sec 10(23C) exemption denial to "Prosperous” Visvesvaraya University

SC dismisses review petition against its earlier order dated April 22, 2016 denying exemption u/s 10(23C)(iiiab) to Visvesvaraya Technological University (‘VTU’ ) on the ground that it doesn’t satisfy the

Aug 29,2016

SC: Dismisses SLP; Assessee’s conduct indicative of having accepted jurisdiction under transfer-order u/s 127

SC dismisses assessee’s SLP against Bombay HC judgement; HC had dismissed assessee’s  writ petition challenging order u/s 127 dated August 31, 2012 transferring assessee’s file from Mumbai to Hyderabad; HC

Aug 17,2016

SC: Dismisses SLP, 2014 amendment cannot revive Oracle’s ‘concluded’ Sec 201 proceedings

SC dismisses Revenue’s SLP against Delhi HC judgement quashing Sec 201 notice dated January 20, 2015 in case of Oracle India Pvt. Ltd. (‘assessee’) for AY 2008-09; Earlier, HC had

Aug 16,2016

SC: Resolves business income vs house property controversy on lease-rentals in assessee's favour

SC reverses Madras HC judgement, rules in favour of assessee-company; Holds rental income arising to assessee from leasing property taxable as 'business income' and not 'house property' income, notes that

Aug 11,2016

SC: Dismisses Shibu Soren’s review-petition against SLP dismissal, HC had quashed ITAT-order quashing block-assessment

SC dismisses Shibu Soren’s (‘assessee’) review petition against SLP dismissal; SC had dismissed the SLP by upholding HC order that no addition could be made in the block assessment proceedings for want

Aug 05,2016

SC: Dismisses assessee's SLP challenging disallowance of transit-breakage provision made without scientific basis

SC dismisses assessee company’s SLP against Delhi HC judgement; HC had disallowed provision for loss on transit-breakages made by assessee (engaged in manufacture & sale of liquor) in absence of

Jul 18,2016

SC: SC admits Revenue’s SLP on taxability of lease-line charges reimbursement

SC admits Revenue’s SLP challenging Bombay HC order in the case of WNS Global Services (UK) Ltd. (‘assessee’) for AY 2004-05; HC had held that reimbursement of lease-line charges to assessee by its

Jul 15,2016

SC: Dismisses SLP; Penalty based on pre-printed notice with all ground mentioned unsustainable

SC dismisses Revenue’s SLP against Karnataka HC judgement laying down law on ‘penalty levy’ for AY 2003-04; HC had held that notice u/s 274 must specifically state ground for initiation of

Jul 14,2016