SC ruled private entities performing public functions fall under High Court and SC writ jurisdiction, but private banks like Muthoot Finance aren’t public duty entities.
Supreme Court upholds CESTAT’s decision, ruling no service tax is applicable on reimbursement of expenses, as no service element exists.
SC quashes FIR against Nirankar Nath Pandey for disproportionate assets from 1996 to 2020, citing economic changes and the importance of dynamic asset assessment.
Supreme Court rules that company employees cannot be held liable for GST fraud penalties under Sections 122(1-A) & 137. Case against Maersk employee dismissed.
Supreme Court upholds CESTAT ruling granting service tax refund to Flemingo Travel Retail Ltd., confirming duty-free shops are beyond Indian customs frontiers.
Supreme Court held that Chief Controlling Revenue Authority lacked any express statutory power to review or recall its own decision. Thus, once refund is granted by CCRA it cannot review the same and reject refund application.
Supreme Court overturns Bombay High Court order, addressing delay condonation and interpretation of ‘sufficient cause’ under Section 5 of the Limitation Act.
Supreme Court held that the agreement between the oil marketing companies indicates that the price of petroleum products agreed under MoU is not a normal price and, therefore, is not a transaction value. Appeal allowed on the ground of extended period.
Supreme Court held that the reduction in share capital of the subsidiary company and subsequent proportionate reduction in the shareholding of the assessee would be squarely covered within the meaning of transfer under Section 2(47) of the Income Tax Act.
Supreme Court granted bail to women who is accused in complaint filed u/s. 44 of the Prevention of Money Laundering Act, 2002 since there is no possibility of the trial concluding in near future.
