SC

SC: Dismisses Revenue’s SLP against Delhi HC allowing credit of advance - tax paid under IDS -2016

SC dismisses Revenue’s SLP against Delhi HC allowing credit of advance tax paid and TDS against the tax payable under the Income Declaration Scheme, 2016 (‘IDS’) ; HC had observed

Feb 09,2018

SC: Approves Bombay HC ratio in Godrej and Boyce on prospective applicability of Rule 8D

SC dismisses Revenue's appeal in a batch of over 80 cases (involving  Essar Teleholdings Ltd. as a lead case), holds that “the Rule 8D is prospective in operation and could not

Jan 31,2018

SC: Ankitech ruling on ‘deemed dividend’ requires re-consideration, refers matter to larger bench

SC division bench refers to larger bench on the issue of whether shareholder must be a 'registered shareholder' and also a ‘beneficial shareholder’ to trigger deemed dividend taxability us. 2(22)(e),

Jan 25,2018

SC: Dismisses SLP; Sec. 244A interest not restricted to tax/penalty, allowable on interest waiver

SC dismisses Revenue’s SLP against Delhi HC judgement allowing interest u/s. 244A to assessee-individual on refund arising on account of waiver of interest u/s 220(2) by CCIT for AYs 2002-03 to 2006-07; HC

Jan 15,2018

SC: Dismisses Revenue’s SLP against Delhi HC quashing re-assessment u/s 147 based on audit-report

SC dismisses Revenue’s SLP against Delhi HC quashing re-assessement proceedings u/s 147 in the case of Alcatel Lucent India Ltd for AY 2008-09 ; HC had rejected AO’s re-opening of

Jan 12,2018

SC: Dismisses Revenue’s SLP against HC quashing block assessment; Case transfer u/s127 prospective

SC dismisses Revenue’s SLP against Bombay HC quashing block assessment for the block period 1989-90 to 1999-2000; Bombay HC had accepted assessee’s stand that issuance of Sec. 158BC notice by AO,

Jan 12,2018

SC: Dismisses Revenue’s appeal; Interest on non-performing ICD not taxable in NBFC's hand

SC dismisses Revenue’s appeal against Delhi HC ruling holding that interest on Inter-Corporate Deposits (ICDs) which had become non-performing asset (NPA) in terms of RBI Prudential Norms, not taxable in

Jan 12,2018

SC: Allows Trusts’ double-dip depreciation claim, Finance Act 2014 amendment not retrospective

SC dismisses Revenue’s appeal in batch of over 50 cases, allows assessees’ (charitable institutions/trusts) depreciation claim on fixed assets; Rejects Revenue’s stand that once the capital expenditure on account of

Dec 20,2017

SC: Applies 'purpose test', entertainment tax subsidy for new multiplexes not revenue receipt

SC dismisses Revenue’s appeals​​, ​holds that ​entertainment-tax ​subsidy received by multiplexes (‘assessees’) under the ​​respective subsidy schemes​ of the ​​states of Maharashtra and West Bengal ​, were capital in nature

Dec 14,2017

SC: Dismisses Revenue’s SLP against HC quashing Sec.153C notice on Pepsi Foods absent ‘satisfaction’

SC dismisses Revenue’s SLP against Delhi HC ruling in case of Pepsi Foods Pvt. Ltd. with respect to AYs 2006-07 to 2011-12 ; HC had quashed Sec. 153C notice issued

Dec 08,2017

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