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Supreme Court of India

SC ruling on refund claim involving turnover discount and additional discount

October 24, 2024 978 Views 0 comment Print

Supreme Court ruling in Commissioner of Central Excise vs Addison & Co. Ltd. focused on refund claims for turnover discounts under the Central Excise Act, 1944.

Cash Discounts Deductible in determining Transaction Value of Excisable Goods: SC

October 24, 2024 666 Views 0 comment Print

Supreme Court ruling on Purolator India Ltd.’s excise duty dispute involving sales tax, cash discounts, and volume discounts under the Central Excise Act, 1944.

Case Analysis – State Bank of India vs. Mula Sahakari (SC): Indemnity vs. Guarantee

October 23, 2024 5247 Views 0 comment Print

The Supreme Court clarifies the distinction between a bank guarantee and a contract of indemnity in State Bank of India vs. Mula Sahakari Sakhar Karkhana case.

Conviction in terms of Section 306 IPC merely on allegation of harassment unsustainable: Supreme Court

October 21, 2024 867 Views 0 comment Print

The deceased, namely, Rajeev Jain was an employee of Hindustan Lever Limited. He was serving with the company past twenty-three years. On 03.11.2006, he committed suicide in his hotel room in Lucknow.

No ITC to purchasing dealer Without Proof of Genuine Transactions: SC

October 19, 2024 10950 Views 0 comment Print

The Supreme Court ruled that Input Tax Credit cannot be claimed without proof of genuine transactions, reinforcing compliance under the KVAT Act.

Minor Can Be a Transferee Though Not a Transferor of Immovable Property: SC

October 19, 2024 4566 Views 0 comment Print

The Supreme Court ruling clarifies that minors can legally be transferees of immovable property under the Transfer of Property Act.

Pending review, judgment cannot be cited as a legal precedent: SC

October 16, 2024 1056 Views 0 comment Print

Supreme Court allows Anil Rice Mill to seek review of High Court judgment. Pending review, the judgment cannot be cited as a legal precedent.

SC set-aside ₹5L Cost on Income Tax Dept imposed by Allahabad HC

October 15, 2024 843 Views 0 comment Print

Supreme Court dismisses Income Tax Depts plea, setting aside the ₹5 lakh cost imposed by the Allahabad HC for incorrect reassessment actions.

Section 254 Allows ITAT to Entertain New Claims, But Power Must Be Exercised During Hearings: SC

October 8, 2024 1566 Views 0 comment Print

Supreme Court rules ITAT cannot direct AO to consider new claims barred by time, reaffirming ITAT’s plenary powers under Section 254 of the Income Tax Act.

Case Analysis: Kakadia Builders Pvt Ltd Vs ITO (SC) on Settlement Commission

October 8, 2024 1146 Views 0 comment Print

Supreme Court reviews the Kakadia Builders case, addressing Settlement Commission’s authority to waive interest under Sections 234A, 234B, and 234C of the Income Tax Act.

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