SC: DDT levy on Tea companies only incidental 'trenching' in States' turf; Affirms validity

SC upholds Calcutta & Gauhati HC rulings that affirmed constitutional validity of dividend distribution levy (DDT- Sec. 115 O)  on Tea Companies, rejects their argument that it is a tax

Sep 22,2017

SC: Nips in bud Formula One's attempt to play 'smart', enforces PE order

SC directs Formula One World Championship Ltd. (‘FOWC’) to remit the amount which it received from Jaypee Sports under LCs, towards discharging its expected tax liability on payments received under the

Sep 06,2017

SC: Sets-aside HC order for allowing Revenue’s appeal without formulating ‘substantial question of law’

SC sets-aside HC order, holds HC was not justified in allowing the appeals filed by Revenue u/s. 27A of the Wealth tax Act without formulating ‘substantial questions of law’;  Observes that

Sep 06,2017

SC: Reassessment citing ITAT-finding in another taxpayer's case, time-barred sans hearing opportunity to assessee

SC dismisses Revenue’s SLP challenging Delhi HC judgement holding that notices issued u/s 148 for AYs 1999-2000 to 2002-2003 on assessee-company (a public financial institution) were time barred u/s 149

Aug 31,2017

SC: Confirms quashing of Sec. 153C assessment as seized document unrelated to subject AYs

SC upholds Bombay HC order, quashes Sec. 153C proceedings initiated against assessee (an educational institution) for AYs 2000-01, 2001-02, 2002-03 and 2003-04; Pursuant to search conducted at one of the

Aug 30,2017

SC: Sets aside HC; Commencement date of lis relevant for court-fees determination

SC sets aside Kerala HC judgement, rejects HC’s view that payment of court fees on any appeal ‘filed’ u/s. 260A of the Income-tax Act  on or after October 26, 2002

Aug 14,2017

SC: Denies Sec. 80P deduction to co-operative society providing credit facilities beyond members

SC dismisses assessee's (a co-operative society carrying out business of banking) appeal with cost, denies Sec. 80P deduction for AY 2009-10; First, observes that assessee would not come within the mischief of Sec.

Aug 10,2017

SC: Bottling of LPG amounts to 'production', eligible for benefit u/s 80HH, 80I & 80IA

SC  dismisses Revenue’s appeal, holds that assessees engaged in the business of bottling liquefied petroleum gas (LPG) into cylinders are ‘industrial undertaking’ and thus, entitled to benefit u/s 80HH, 80I

Aug 03,2017

SC: HC larger bench to decide on Sec. 244A interest entitlement on self-assessment tax refund

SC sets-aside Delhi HC judgement,  remands matter back to HC for  fresh decision by larger bench on the issue of grant of Sec. 244A interest on self-assessment tax  refund;  SC

Jul 28,2017

SC: Dismisses Revenue SLP against HC order quashing reassessment on General Insurance Corp.

SC dismisses Revenue’s SLP against Bombay HC judgement in case of General Insurance Corporation of India (‘assessee’) for AY 2000-01; HC had quashed re-assessment for assessing income not referred to

Jul 21,2017