Courts: Supreme Court of India
Read latest Supreme Court of India judgments and orders on Income Tax, GST, Customs, Company Law and other taxation, corporate and commercial laws.
Notice u/s 148 based on vague notice u/s. 154 not maintainable -SC
Low Tax Effect Circular cannot apply Ipso Facto – SC
Interest on debenture taxable on spread-over basis – SC
Reversal of law by Supreme Court does not justify reopening
In case of gift burden is on assessee to prove financial capacity of Donor -SC
Section 80-IA – Texturing & twisting of polyester yarn amount to manufacture – SC
Contingent deposits received from customers is income – SC
Mere contract for sale of immovable property does not create any interest therein
Bad Debt is allowable irrespective of provision for bad and doubtful debts created by Bank -SC
Interest on borrowed fund for extension of existing business is allowable as deduction -SC
Co-Operative Bank can claim deduction u/s. 80P on underwriting commission / interest income on PSEB / IDBI Bonds
Interest under Section 234B/234C is mandatory even if not specified in Assessment Order – SC
Section 80HH/80I – Assessee not statutorily obliged to maintain its accounts unit-wise
No TDS on Bulk Purchase Discount as it is not commission – SC
Supreme Court of India brings together Supreme Court judgments and orders published on TaxGuru concerning taxation, corporate, commercial and regulatory laws. The archive covers Income Tax, GST, Customs, Company Law, insolvency, constitutional and other legal issues relevant to taxpayers, businesses and professionals. Readers can research authoritative rulings on statutory interpretation, substantial questions of law, constitutional issues and appeals from High Courts and tribunals. Chartered Accountants, advocates, tax professionals, companies and legal researchers can use this category to follow important Supreme Court jurisprudence relevant to taxation and business laws.
