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SC - Assessee entitled to IDS benefit since all defaulters under IDS were permitted to deposit the amount with 12% interest as per the CBDT Notification No. 103/2019 dt. Dec 13, 2019 which was duly deposited by the Assessee.
Sadhana R. Jain Vs THE CENTRAL BOARD OF DIRECT TAXES & ANR.
(2022) TaxCorp(LJ) 29116 (SC)
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Even if in a case where the registration application under Section 12AA is not decided within six months, there shall not be any deemed registration.
Harshit Foundation Sehmalpur Jalalpur Jaunpur Vs COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28942 (SC) · Section 12AA
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Revenue is directed that any amounts collected pursuant to HC ruling shall be refunded in accordance with law within two months.
M Pranuthi Vs COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28934 (SC)
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Before the ITAT, both the Assessee and the Revenue preferred appeals and the entire penalty of Rs.29.02 lakh was an issue, thus, the subsequent reduction in penalty cannot oust the jurisdiction.
Late Shri Gyan Chand Jain through LR Vs Commissioner of Income Tax-I
(2022) TaxCorp(LJ) 28905 (SC)
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SC - Fresh claim for treating exchange loss on forex loan as revenue expenditure allowed since loan taken for business expansion.
Wipro Finance Ltd Vs COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28847 (SC) · Section 37(1)
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HC's order as a non-speaking and non-reasoned order which cannot be sustained since even the Revenue's submissions was not recorded.
Bajaj Herbals Pvt. Ltd Vs The Principal Commissioner of Income Tax-1
(2022) TaxCorp(LJ) 28786 (SC)
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In facts of this case, the conduct of MRPL right from the date of search and before all forums reflects that it consistently held itself out as the assessee.
Mahagun Realtors (P) Ltd Vs PRINCIPAL COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28770 (SC)
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HC's observations are only confined to the issue as to whether the petitioner was entitled to the benefit of the provisions of the Act and shall not affect the merits of the prosecution.
Reliance Industries Limited Vs CHIEF COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28762 (SC)
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Immunity granted by a tax amnesty scheme in respect of liabilities under some enactments, did not afford protection against action under other enactments or law.
M. R. Shah Logistics Pvt. Ltd Vs DEPUTY COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28721 (SC)
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In exercise of powers under Article 226 the courts require to independently consider the issues involved.
Vishal Ashwin Patel Vs Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28715 (SC)
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Listing of appeal before HC on Apr 18, 2022 for early disposal is being directed.
Motisons Entertainment India Pvt. Ltd Vs PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL)
(2022) TaxCorp(LJ) 28590 (SC)
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Though the statute under which the Agra Development Authority has been constituted is the UP Urban Planning and Development Act 1973, the same principle which has been laid down in the judgment of this Court in Canara Bank (supra), would govern the present case.
Union Bank of India Vs Additional Commissioner of Income Tax
(2022) TaxCorp(LJ) 28585 (SC)
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The High Court was not right and justified in disposing of the appeal with one paragraph order without discussing the issues which arose for consideration.
PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL) VERSUS M/S. MOTISONS ENTERTAINMENT INDIA PVT. LTD.
(2022) TaxCorp(LJ) 28581 (SC) · https://taxcorp.in/FileOpenDT.aspx?ID=86760&Category=Judgment&CategoryType=Zip
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CBDT Circular No. 05/2012 dt. Aug 1, 2012 is clarificatory in nature, thus, effective from the date of implementation of Regulation 6.8 of the MCI Regulations, i.e., from Dec 14, 2009.
Apex Laboratories Pvt. Ltd Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28429 (SC) · Section 37(1)
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In the peculiar facts and circumstances of the instant case, we direct that the appellant be given benefit of the amounts deposited towards first two instalments while reckoning the tax liability of the appellant after revised assessment.
Yogesh Roshanlal Gupta Vs CENTRAL BOARD OF DIRECT TAXES
(2022) TaxCorp(LJ) 28393 (SC)
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The reasons based on which the CIT(A) concluded that the set up was an expansion of the old unit and not a new unit were not compliant with the tests formulated in the aforesaid rulings and applied in the instant case.
Sociedade De Fomento Industrial Pvt. Ltd Vs THE COMMISSIONER OF INCOME TAX
(2022) TaxCorp(LJ) 28255 (SC) · Section 10B
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The transfer petitions have become infructuous in view of the new Scheme and also the application for intervention is being disposed of.
LAKSHYA BUDHIRAJA & ANR. ETC. Vs CENTRAL BOARD OF DIRECT TAXES ETC.
(2022) TaxCorp(LJ) 28131 (SC)
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Where the same Statute, uses different terms and expressions, then it is clear that Legislature is referring to distinct and different things.
KERALA STATE BEVERAGES MANUFACTURING & MARKETING CORPORATION LTD. VERSUS THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1 (1)
(2022) TaxCorp(LJ) 28101 (SC) · https://taxcorp.in/FileOpenDT.aspx?ID=86281&Category=Judgment&CategoryType=Zip
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Surcharge is enhancement of sales tax and when the sales tax tax levied under the KGST Act is allowed, there is no reason not to allow deduction of surcharge on sales Tax.
Kerala State Beverages Manufacturing & Marketing Corporation Ltd Vs The Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28077 (SC) · Section 40(a)(iib)
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A challenge of this nature would have to be brought before the Court by a person aggrieved.
Amit Sahni Vs UNION OF INDIA & ANR.
(2021) TaxCorp(LJ) 27980 (SC)
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