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

SC: Quashes HC order recalling earlier non-exparte order absent jurisdiction

SC allows Revenue's appeal, sets aside Allahabad HC order allowing assessee’s (Mr Subrata Roy) application for recall of its earlier order exercising jurisdiction u/s 260A(7) of the Income Tax Act, 1961 read

Jul 12,2016

SC: Refund of excise-duty for setting up industrial undertaking not taxable as revenue receipt

SC dismisses Revenue’s appeal challenging Jammu & Kashmir HC judgement, subsidy by way of refund of excise duty and interest for setting up new industrial undertaking not taxable been a capital

Jul 08,2016

SC: Affirms HC ruling; Tonnage-tax scheme available to ‘Slot charters’ without 'valid certificates'

Supreme Court holds that "preferential tax regime" under Tonnage Tax Scheme is available to shipping company earning income from slot charters; 3 judges-bench of the Supreme Court approves Kerala HC ruling granting major

Jul 05,2016

SC: Admits assessee’s appeal against HC-order declining intervention by way of writ against reassessment

SC admits assessee’s appeal against Delhi HC order declining intervention by way of a writ to quash notices u/s 148; HC had held that "the discretion can be exercised in favour

Jun 02,2016

SC: Dismisses Revenue’s SLP against Sec. 271E penalty deletion, leaves limitation question open

SC dismisses Revenue’s SLP against Delhi HC judgment leaving the question of law on limitation open, HC had upheld ITAT’s order deleting penalty levied u/s 271E (for violating provisions of Sec.

May 30,2016

SC: Permits IT-Department to take steps for recovery as assessee no more ‘sick’

SC sets aside HC order, permits IT Department to take steps for recovery of tax dues from assessee; Assessee was declared sick under The Sick Industrial Companies Act, 1985 (‘SICA’)

May 27,2016