Category: Supreme Court

Archive for the ‘Supreme Court’ Category


COURT:
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DATE: (Date of pronouncement)
DATE: January 23, 2008 (Date of publication)
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CITATION:

Where the assessee had led satisfactory evidence that its business was that of a commission agent and not a trader and 10-11 years had passed, the assessee could not be held responsible for non-appearance of five traders to whom summons …

M/s Ahmed Anis vs. CIT (Supreme Court) Read More »

COURT:
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DATE: (Date of pronouncement)
DATE: January 18, 2008 (Date of publication)
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CITATION:

S. 158BB has to be read with the relevant Finance Act and the surcharge prescribed therein is applicable to a block assessment. The Proviso to s. 113 of the Act, though inserted by the Finance Act 2002 with effect from …

CIT vs. Suresh N. Gupta (Supreme Court) Read More »

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DATE: (Date of pronouncement)
DATE: January 9, 2008 (Date of publication)
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CITATION:

(i) A stock option which is subject to a ‘lock-in’ is not a chargeable perquisite u/s 17(2) on the date of grant, vesting or exercise. The benfit is purely notional. (ii) s. 17(2)(iiia) inserted w.e.f 1.4.2000 is not clarificatory; (iii) …

Infosys Technologies (Supreme Court) Read More »