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

SC: Dismisses Revenue’s SLP against HC order allowing privilege fee deduction

SC dismisses Revenue’s SLP against Rajasthan HC judgment in case of Rajasthan State Beverages Corpn. Ltd. for AY 2009-10; HC had relied on its co-ordinate bench ruling in assessee‘s own

Jul 07,2017

SC: Dissects JV agreement, upholds technical fees for plant set-up as capital expenditure

SC dismisses assessee’s [Honda Siel Cars India Ltd., formed as a Joint Venture (‘JV’) Company between HMCL, Japan and SEIL Ltd. (an Indian Company)] appeal challenging Allahabad HC order, payment

Jun 10,2017

SC: Sec. 139AA survives constitutionality test, but retrospective operation impermissible; Non-Aadhaar holders get interim relief

Black money menace & corruption weighs heavily on Apex Court's mind as a division bench upholds constitutional validity of Sec. 139AA of Income tax Act, that mandates compulsory quoting of

Jun 09,2017