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.
Coal Mines Provident Fund Commissioner is a Public Officer / Servant – Supreme Court
Section 80HHC – Face value of the DEPB will be ‘cash assistance’ against export and will fall under Section 28(iiib) of the Act -Supreme Court
Custom Duty – Electronic Automatic Regulators would fall under Chapter sub-heading 9032.89 – SC
SC rejects revenue Appeal on the ground that the Revenue has not filed the appropriate papers
Departmental circulars not binding, Classification Which is beneficial to assesse should be Applied – Supreme Court
DEPB – Whether aluminium grills can be termed as Extruded aluminium products, and if so, Whether assessee can take benefit of Item 7 of Code 61 – No, rules SC
Banks eligible to claim both deduction for bad debts and provision for bad and doubtful debts
Valuation of goods manufactured on job-work basis – Tribunal did not consider whether the parties were related – Matter remanded – SC
DVO opinion could not be regarded as information for the purpose of reopening an assessment U/s. 147
For Calculating 90% of Commission, Brokerage etc under Expl (baa) to section 80HHC netting of income from expenditure is allowed
S. 80HHC – SC reverses Bomaby HC judgment in Kalpataru case, DEPB Face value covered U/s. 28(iiib)
For section115JA/JB Deduction U/s. 80HHC to be computed with reference to the net profits in the profit and loss account – SC
In motor vehicles accident compensation claims entire amount may be disbursed to the claimant if he or she is literate – SC
No VAT on Goods Sold by Duty Free Shops – 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.
