Supreme Court on Cancellation of Trust Registration for Bogus Donations: Commissioner of Income Tax vs. Jagannath Gupta Family Trust (2019) Date of the Judgment: 01 February 2019 Citation: [2019] INSC 72 Judges: R. Banumathi, J., R. Subhash Reddy, J. Can a single instance of a bogus donation justify the cancellation of a trust’s registration under […]
Supreme Court Upholds Tax Benefit Scheme for Disabled Dependents: Ravi Agrawal vs. Union of India (2019) LEGAL ISSUE: Whether the Jeevan Aadhar policy under Section 80DD of the Income Tax Act, 1961, which provides benefits to disabled dependents only after the death of the parent/guardian, is discriminatory and violates Article 14 of the Constitution. CASE
Supreme Court Dismisses Tax Appeals Below 1 Crore: Commissioner of Income Tax vs. Hotel and Allied Trades (P) Ltd. (2018) LEGAL ISSUE: Whether appeals with a tax effect below ₹1 crore should be dismissed based on a Central Board of Direct Taxes (CBDT) circular. CASE TYPE: Tax Law Case Name: Commissioner of Income Tax, Kochi
Supreme Court Clarifies “Local Authority” Definition under Section 10(20) of the Income Tax Act: NOIDA vs. CCIT (2018) Date of the Judgment: July 2, 2018 Citation: (2018) INSC 600 Judges: A.K. Sikri, J., Ashok Bhushan, J. Can an industrial development authority, performing municipal functions, be considered a ‘local authority’ for income tax exemption? The Supreme
Supreme Court Upholds TDS on Lease Rent, Clarifies “Local Authority” Status: Noida vs. CIT (2018) LEGAL ISSUE: Whether NOIDA and Greater NOIDA are “local authorities” under Section 10(20) of the Income Tax Act, 1961, and whether tax is deductible at source (TDS) on lease rent payments made to them. CASE TYPE: Income Tax Law Case
Supreme Court Allows Use of Survey Evidence in Block Assessment: Commissioner of Income Tax vs. S. Ajit Kumar (2018) LEGAL ISSUE: Whether evidence found during a survey at the premises of a third party can be used in the block assessment of an assessee. CASE TYPE: Income Tax Law Case Name: Commissioner of Income Tax,
Supreme Court refers Section 80HHC deduction for supporting manufacturers to larger bench: Commissioner of Income Tax vs. M/s Carpet India (2018) LEGAL ISSUE: Whether supporting manufacturers are entitled to the same tax deductions as direct exporters under Section 80HHC of the Income Tax Act, 1961, particularly concerning export incentives like duty drawbacks. CASE TYPE: Income
Supreme Court Clarifies Taxability of Loan Waivers: Mahindra & Mahindra Ltd. Case (2018) LEGAL ISSUE: Whether a loan waiver constitutes taxable income under the Income Tax Act, 1961. CASE TYPE: Income Tax Law. Case Name: The Commissioner vs. Mahindra and Mahindra Ltd. Judgment Date: 24 April 2018 Introduction Date of the Judgment: 24 April 2018
Supreme Court Upholds Second Notice under Section 158BD of IT Act in Income Tax Assessment: Tapan Kumar Dutta vs. Commissioner of Income Tax (2018) LEGAL ISSUE: Validity of a second notice issued under Section 158BD of the Income Tax Act, 1961 when a prior notice under Section 158BC was already issued to the same assessee.
Supreme Court Quashes Reassessment Notice for Income Tax: TechSpan India Pvt. Ltd. (2018) LEGAL ISSUE: Whether the reopening of a completed assessment under Section 147 of the Income Tax Act, 1961 is justified based on a mere change of opinion by the Assessing Officer. CASE TYPE: Income Tax Case Name: Income Tax Officer Ward No.
Supreme Court Denies Deduction Under Section 80-O of Income Tax Act: B.L. Passi vs. Commissioner of Income Tax (2018) LEGAL ISSUE: Whether the assessee is entitled to a deduction under Section 80-O of the Income Tax Act, 1961 for providing commercial and industrial information to a foreign company. CASE TYPE: Income Tax Law Case Name:
Supreme Court on Taxability of Interest on Share Application Money: Commissioner of Income Tax vs. Shree Rama Multi Tech Ltd (2018) LEGAL ISSUE: Whether interest earned on share application money is taxable income. CASE TYPE: Income Tax. Case Name: The Commissioner of Income Tax-IV, Ahmedabad vs. M/s. Shree Rama Multi Tech Ltd. [Judgment Date]: 24
