Supreme Court — Direct Tax

1. 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)

2. 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)

3. 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)

4. 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)

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

   Commnr. of Income Tax vs Punjab Stainless Steel Industries

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

6. Supreme Court · 17 Apr 2014
   SC dismissed SLP

   KIRAN DEVI vs CIT

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

7. 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)

8. Supreme Court · 29 Apr 2014
   Section 72A meant for Companies, No such provision which would permit the amalgamating co-operative society to carry forward and adjust such losses against the profits of the amalgamated co-operative society.

   Rajasthan R S S & Ginning Mills FED. Ltd vs DCIT

   (2014) TaxCorp(LJ) 3245 (SC)

9. Supreme Court · 17 Apr 2014
   Deal with the misuse of Public Interest Litigation with iron hand – SC

   JAIPUR SHAHAR HINDU VIKAS SAMITI TR.PRES Vs. STATE OF RAJASTHAN TR.CHIEF SEC.& ORS.

   (2014) TaxCorp(LJ) 3208 (SC)

10. Supreme Court · 17 Apr 2014
    Pvt firms including telecom Companies come in CAG ambit – SC

    ASSO.OF UNIFIED TELE.SERV.PROV.& ORS. Vs. UNION OF INDIA & ORS.

    (2014) TaxCorp(LJ) 3207 (SC)

11. Supreme Court · 15 Apr 2014
    SC grants recognition to transgenders / Eunuchs as third gender

    National Legal Services Authority Versus Union of India

    (2014) TaxCorp(LJ) 3205 (SC)

12. Supreme Court · 15 Apr 2014
    Govt woman employee can get uninterrupted 2-yr leave for child care – SC

    Kakali Ghosh Versus Chief Secretary

    (2014) TaxCorp(LJ) 3204 (SC)

13. Supreme Court · 20 Mar 2014
    S. 244A: Deductor entitled to interest on refund of excess TDS from date of payment

    UOI vs. Tata Chemicals Ltd.

    (2014) TaxCorp(LJ) 3196 (SC) · S. 244A

14. Supreme Court · 19 Mar 2014
    A charitable and religious trust which does not benefit any specific religious community is not hit by s. 13(1)(b) & is eligible to claim exemption u/s 11

    CIT vs. M/s Dawoodi Bohara Jamat

    (2014) TaxCorp(LJ) 3194 (SC) · S. 13(1)(b)

15. Supreme Court · 01 Apr 2014
    S. 158BC/ 158BD: Law on how & when “satisfaction” has to be recorded by AO to attain jurisdiction over non-searched person explained

    CIT vs. Calcutta Knitwears

    (2014) TaxCorp(LJ) 3185 (SC) · S. 158BC, 158BD

16. Supreme Court · 20 Mar 2014
    Satisfaction note issuance u/s 158BD - scope and possible interpretation of Section 158BD - “Satisfaction” has to be recorded by AO to attain jurisdiction over non-searched person - (a) at the time of or along with the initiation of proceedings against the searched person under Section 158BC of the Act; (b) along with the assessment proceedings under Section 158BC of the Act; and (c) immediately after the assessment proceedings are completed under Section 158BC of the Act of the searched person.

    CIT vs Calcutta Knitwears

    (2014) TaxCorp(LJ) 2726 (SC) · Income Tax Section 158BD, 158BD and Chapter XIV-B

17. Supreme Court · 08 Dec 2011
    Legal profession is not business or trade – SC

    DHANRAJ SINGH CHOUDAHRY VERSUS NATHULAL VISHWAKARMA

    (2014) TaxCorp(LJ) 2704 (SC)

18. Supreme Court · 25 Mar 2014
    Section 23 of NDPS Act not applies to transport of Indian ganja – SC

    Union of India Versus Sheo Shambhu Giri

    (2014) TaxCorp(LJ) 2703 (SC)

19. Supreme Court · 20 Feb 2014
    It is only the objects of a trust as declared in the trust deed which would govern its right of exemption under Section 11 or 12.

    CIT vs DAWOODI BOHARA JAMAT

    (2014) TaxCorp(LJ) 2695 (SC) · Income Tax Section 11,12, 13(1)(b)

20. Supreme Court · 18 Oct 2013
    Provident Fund – Interest under Section 7Q of the Act for belated remittances - Supreme Court upheld that 7Q dues regarding imposition of Interest for belated remittance under the Act is not appealable before the Tribunal, if EPF Authority passes an independent order laiming interest separately under section 7Q from that of 7A dues.

    Arcot Textile Mills Ltd. vs The Regional Provident Fund Commissioner and others

    (2014) TaxCorp(LJ) 2692 (SC)

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