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B.S. Hari v. UOI
Supreme Court: S. 254(1) : Appellate Tribunal-Duties- Numbering of paragraphs in all orders-The Supreme Court urges the High Court and Tribunals to follow a uniform format for all its orders. The Hon’ble Supreme Court referring to the case of Shakuntala Shukla v. State of Uttar Pradesh LL 2021 SC 422 and State Bank of India v. Ajay… Read More ...
PCIT-2, Kolkata Vs Balmer Lawrie and Company Limited (Calcutta High Court)
Calcutta High Court : PCIT-2, Kolkata Vs Balmer Lawrie and Company Limited(Calcutta High Court) Date-13th April, 2023 Sub-whether prior period expenditure can be claimed as an expenditure in the year in which the liability crystallises and whether diminution in the value of investment is eligible for deduction while computing book profit u/s 115JB of the Act? The Division bench… Read More ...
SPL Labs India Pvt ltd Vs ITO,Circle 6 Bangalore (Supreme Court)
Supreme Court : SPL Labs India Pvt ltd Vs ITO,Circle 6 Banglore(Supreme Court) Date-19th April, 2023 Sub-whether in every case where tribunal determines Arms’ length Price (ALP), the same shall attain finality and high court is precluded from considering the determination of ALP once determined by tribunal , in terms of Section 260A of Income-tax Act,1961 The Supreme… Read More ...
M/s Suneja Towers Private Limited & Anr Vs Anita Merchant (Supreme Court)
Supreme Court of India : M/s Suneja Towers Private Limited & Anr Vs Anita Merchant(Supreme Court) Date-18th April, 2023 Sub-Whether payment made to builder for purchase of flats which is arbitrarily cancelled can lead to refund with compound interest? The Supreme Court in this case was dealing a situation where the Respondent had booked 3 flats in the year 1989… Read More ...
State of Gujarat and Anr Vs Saw Pipes Ltd (Supreme Court)
Supreme Court : State of Gujarat and Anr Vs Saw Pipes Ltd(Supreme Court) Date-17th April, 2023 Sub-Whether mens rea is essential for levy of penalty under the taxation laws? The highest court of the country in this case was considering the levy of penalty and interest under the provisions of Gujarat Sales tax Act 1969 when the high… Read More ...
ACIT, Circle-9(2), New Delhi Vs. Four Star Constructions Pvt. Ltd. (ITAT Delhi)
INCOME TAX APPELLATE TRIBUNAL, DELHI Bench "B": The present appeal has been filed by the revenue against the order of the Ld. CIT(A)-34, New Delhi dated 20.09.2019. 2. The revenue has raised the following grounds of appeal:- “1. On the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition of Rs.2,89,34,949/-… Read More ...
National Insurance Co Ltd Vs Harsolia Motors and others (Supreme Court)
Supreme Court : National Insurance Co Ltd Vs Harsolia Motors and others(Supreme Court) Date-13th April 2023 Sub-What is the meaning of commercial purpose under the Consumer Protection Act for reimbursement of claim on account of fire at the godown of a commercial enterprise? The Apex Court in this case was considering claim of the respondent herein for loss… Read More ...
M/s. G K Steel & Wire Products Vs. Income Tax Officer (ITAT Delhi)
INCOME TAX APPELLATE TRIBUNAL, DELHI Bench "H": This appeal is filed by the assessee against the order of the ld. Commissioner of Income Tax (Appeals)-16 [hereinafter referred I.T.A. No. 3530/Del/2019 2 to CIT (Appeals)] New Delhi, dated 5.01.2018 for assessment year 2012-13 in sustaining the addition of Rs.25,32,724/- on account of stock difference. During the year under consideration, it was observed that… Read More ...
Commissioner of Customs ,Central Excise & Service-tax Vs Suzlon Energy Ltd (Supreme Court)
Supreme Court of India : Commissioner of Customs ,Central Excise & Service-tax Vs Suzlon Energy Ltd (Supreme Court) Date-10th April 2023 Sub-Whether custom made design imported on a blue print is goods and thus not liable for payment of service tax under the head design services? The Supreme Court was considering service tax demand for the period June 2007 to… Read More ...
Saraf Exports Vs CIT,Jaipur (Supreme Court)
Supreme Court of India : Saraf Exports Vs CIT,Jaipur (Supreme Court) Date-10th April, 2023 Sub-Whether Duty drawback and DEPB received as an incentive for exports can be said to be derived from the business of industrial undertaking and thus eligible for the benefits of Section 80-IB of Income-tax Act,1961? The Supreme Court was called upon to consider this issue again… Read More ...