Supreme Court — Direct Tax

1. Supreme Court · 04 Sep 2014
   Whether when no part of the work was undertaken outside Singapore which was to be carried out on a turnkey basis, the appellant ONGC's claim for deduction of taxes is legally sustainable when no taxes were payable as per the provisions of the Indian Income Tax Act

   ONGC LTD. Vs WESTERN GECO INTERNATIONAL LTD

   (2014) TaxCorp(LJ) 4146 (SC)

2. Supreme Court · 15 Sep 2014
   SC - Proviso to Sec. 113 to operate prospectively; proviso cannot be treated as declaratory/statutory or curative in nature

   CIT vs Vatika Township Private Limited

   (2014) TaxCorp(LJ) 4102 (SC)

3. Supreme Court · 04 Sep 2014
   AOP not formed by volition of the parties, Income from compulsory acquisition not business income

   CIT Vs GOVINDBHAI MAMAIYA

   (2014) TaxCorp(LJ) 4101 (SC)

4. Supreme Court · 27 Aug 2014
   SC explains scope of revisional power of High Courts

   Hindustan Petroleum Corporation Ltd. Vs. Dilbahar Singh

   (2014) TaxCorp(LJ) 4086 (SC)

5. Supreme Court · 27 Aug 2014
   Criminalisation of politics is an anathema to the sacredness of democracy : SC

   Manoj Narula Vs. Union of India

   (2014) TaxCorp(LJ) 4084 (SC)

6. Supreme Court · 25 Aug 2014
   Coal blocks allocated since 1993 is illegal: SC

   Manohar Lal Sharma Vs. The Principal Secretary & Ors.

   (2014) TaxCorp(LJ) 4079 (SC)

7. Supreme Court · 01 Aug 2014
   Sec.138 of N.I.Act – Prosecution to be launched in Jurisdiction of court where cheque was dishonored- SC

   Dashrath Rupsingh Rathod Vs. State of Maharashtra & Anr.

   (2014) TaxCorp(LJ) 4076 (SC) · Section. 138

8. Supreme Court · 18 Feb 2014
   Month - Month does not mean 30 days – Computation of six months period, Negotiable Instruments Act, 1881, section 138.

   Rameshchandra Ambalal Joshi vs. State of Gujarat & Anr.

   (2014) TaxCorp(LJ) 3578 (SC-SC)

9. Supreme Court · 07 Jul 2014
   Shariat courts have no legal sanction, fatwas not binding on anyone: SC

   VISHWA LOCHAN MADAN VERSUS UNION OF INDIA & ORS.

   (2014) TaxCorp(LJ) 3450 (SC-SC)

10. Supreme Court · 06 Jul 2014
    S. 2(47)/ 54: If an agreement to sell is entered into within the prescribed period, there is a transfer of some rights in favour of the vendee. Fact that sale deed could not be executed within the time limit owing to supervening problem is not a bar for s. 54 exemption

    Sanjeev Lal vs. CIT

    (2014) TaxCorp(LJ) 3448 (SC-SC) · Section 2(47), 54

11. Supreme Court · 02 Jul 2014
    Disallowance u/s. 40(a)(ia) applies only to amounts ‘payable‘ as of 31st March – SC

    COMMISSIONER OF INCOME TAX VERSUS M/S VECTOR SHIPPING SERVICES(P) LTD.

    (2014) TaxCorp(LJ) 3446 (SC-SC) · Section. 40(a)(ia)

12. Supreme Court · 01 Jul 2014
    Life term, jail terms for other offences can’t run together: SC

    Duryodhan Rout Vs. State Of Orissa

    (2014) TaxCorp(LJ) 3441 (SC-SC)

13. Supreme Court · 30 Jun 2014
    Disciplinary proceedings can’t continue after retirement: SC

    Dev Prakash Tewari vs. U.P. Cooperative Institutional Service Board, Lucknow & Ors.

    (2014) TaxCorp(LJ) 3440 (SC-SC)

14. Supreme Court · 06 May 2014
    Judgement pronounced and dictated in open court, However Judge entitled to recalled or reviewed verdict until judgement is signed & sealed - SC Larger Bench

    Kushalbhai Ratanbhai Rohit vs. State of Gujarat

    (2014) TaxCorp(LJ) 3295 (SC-SC)

15. Supreme Court · 21 Apr 2014
    Revised SC guideline in Cheque Bounce Cases U/s. Section 138 (NI Act)

    Indian Bank Association and Others v. Union of India

    (2014) TaxCorp(LJ) 3276 (SC-SC)

16. Supreme Court · 14 May 2014
    Important principles on distinction between “contract for sale of goods” and “works contract” explained

    Kone Elevator India Pvt. Ltd vs. State of T. N

    (2014) TaxCorp(LJ) 3274 (SC-SC)

17. Supreme Court · 14 May 2014
    Despite pronouncement of verdict in open court & signing of draft judgement, Judge entitled to alter verdict until judgement is signed & sealed

    Kushalbhai Ratanbhai Rohit vs. State of Gujarat

    (2014) TaxCorp(LJ) 3273 (SC-SC)

18. Supreme Court · 05 May 2014
    Sale proceeds of the scrap

    Commnr. of Income Tax vs Punjab Stainless Steel Industries

    (2014) TaxCorp(LJ) 3263 (SC-SC) · S. 80HHC

19. Supreme Court · 17 Apr 2014
    SC dismissed SLP

    KIRAN DEVI vs CIT

    (2014) TaxCorp(LJ) 3261 (SC-SC) · S. 271(1)(c), 153 C, 139, 148

20. Supreme Court · 16 Apr 2014
    Discretionary Trust or Specific Trusts - Merely because the Settlor and after his death, his son did not exercise their power to appoint the discretion exercisers, the character of the subject trusts does not get altered. The discretionary trust is equally applicable to the controversy under the Wealth Tax Act. The value of the assets cannot be assessed on the estate of the deceased Settlor.

    COMMISSIONER OF WEALTH TAX vs ESTATE OF LATE HMM VIKRAMSINHJI OF GONDAL

    (2014) TaxCorp(LJ) 3258 (SC-SC)

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