The Supreme Court held that a writ petition cannot bypass statutory appeal remedies under the Customs Act. Delay in filing the statutory appeal barred the petitioner from seeking relief under Article 226.
Courts ruled that interest paid on loans to associated companies is deductible if commercially expedient and used for business purposes. Lower interest rates compared to borrowed funds do not warrant disallowance. Section 36(1)(iii) allows deductions irrespective of the capital asset acquired.
The Court held that income of Associations of Persons or syndicates cannot be combined with members’ income. Petitions challenging this were dismissed, confirming separate taxation.
High Court quashed Section 153C notices and assessment as diaries and loose sheets lacked evidentiary value, reaffirming statutory requirements for assessing income. SC Upholds HC Decision
SC disposes of Revenue SLPs; TOLA applies but reassessment timelines remain strictly enforced.
The Supreme Court refused to interfere after noting that the petitioner had an effective statutory appeal against the confiscation order. The Court upheld the High Court’s view and allowed the petitioner 30 days to file an appeal.
Supreme Court dismissed SLPs, confirming that DTAA rates override Section 206AA for non-residents without PAN. The case follows the Air India ratio, providing legal finality on TDS obligations.
The Court will review whether ITC can be refused when the seller’s registration was valid on the transaction date but cancelled later. The case also highlights issues of natural justice and procedural fairness.
Supreme Court holds that consensual intimacy over several years cannot be retrospectively treated as rape merely because the relationship ends. The ruling stresses the need for clear evidence of coercion or fraud before invoking rape charges.
SC confirmed an auction sale after judgment debtors failed to raise partial-sale objections at correct stage, emphasizing strict compliance with Order XXI Rule 90(3) CPC.
