Supreme Court Upholds Time Limit for Revised Income Tax Returns: Shriram Investments vs. Commissioner of Income Tax (2024) Date of the Judgment: October 4, 2024 Citation: 2024 INSC 760 Judges: Abhay S. Oka, J., Augustine George Masih, J. Can an assessing officer consider a claim made in a revised income tax return if that return […]
Supreme Court Clarifies Tax on Tinted Glass: Triveni Glass vs. Commissioner of Trade Tax (2023) LEGAL ISSUE: Whether tinted glass sheets are taxable as “goods or wares made of glass” or as unclassified items. CASE TYPE: Tax Law Case Name: M/S TRIVENI GLASS LIMITED vs. COMMISSIONER OF TRADE TAX, U.P. Judgment Date: 09 October 2023
Supreme Court Clarifies Assessment Scope Under Section 153A of Income Tax Act Date of the Judgment: 24 April 2023 Citation: (2023) INSC 379 Judges: M.R. Shah, J. and Sudhanshu Dhulia, J. Can tax authorities reassess income for previous years based on materials found during a search, even if those years’ assessments were already completed? The
Supreme Court Clarifies Assessment Procedures for Charitable Trusts: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022) LEGAL ISSUE: Clarification on the application of the Supreme Court’s judgment regarding Section 2(15) of the Income Tax Act, 1961, concerning charitable trusts and general public utility. CASE TYPE: Income Tax Law Case Name: Assistant Commissioner
Supreme Court refers the issue of Commissioner’s power to extend assessment time to a larger bench: Commissioner of Sales Tax Odisha vs. Essel Mining LEGAL ISSUE: Whether the Commissioner of Sales Tax can extend the time for an Assessing Authority to complete an audit assessment after the initial six-month period has expired. CASE TYPE: Tax
Supreme Court clarifies reassessment notice procedure under Income Tax Act LEGAL ISSUE: Procedure for issuing reassessment notices under the Income Tax Act, 1961 CASE TYPE: Tax Law Case Name: Union of India & Ors. vs. Ashish Agarwal Judgment Date: May 4, 2022 Date of the Judgment: May 4, 2022 Citation: (2022) INSC 426 Judges: M.R.
Supreme Court Upholds Reassessment Notice: M.R. Shah Logistics Case (2022) LEGAL ISSUE: Whether a reassessment notice under Section 147 of the Income Tax Act, 1961 can be issued based on tangible material indicating income has escaped assessment, even if the assessee claims the income was declared under the Income Declaration Scheme (IDS) by another entity.
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Supreme Court Allows Adjustment of Protest Payments Against Pre-Deposit for Appeals in Maharashtra VAT Act Date of the Judgment: 03 December 2021 Citation: (2021) INSC 722 Judges: Dr. Dhananjaya Y Chandrachud, J and A.S. Bopanna, J Can a payment made under protest before an assessment order be considered as part of the mandatory pre-deposit required
Supreme Court Clarifies “Casual Trader” Definition Under Rajasthan Sales Tax Act: Commercial Taxes Officer vs. M/s Bhagat Singh (2021) LEGAL ISSUE: Interpretation of “Casual Trader” under the Rajasthan Sales Tax Act, 1954, concerning the time limit for tax assessment. CASE TYPE: Tax Law Case Name: Commercial Taxes Officer, Circle-B, Bharatpur vs. M/s Bhagat Singh [Judgment
LEGAL ISSUE: Whether the Designated Authority under the Delhi Tax Compliance Achievement Scheme, 2013, had the power to issue show cause notices for reopening assessments. CASE TYPE: Tax Law Case Name: Commissioner of Trade and Taxes and Ors. vs. M/S Ahluwalia Contracts (India) Ltd. Judgment Date: 4 October 2017 Can a tax authority, specifically an
