Supreme Court Upholds Charges in Disproportionate Assets Case: Puneet Sabharwal vs. CBI (2024) LEGAL ISSUE: Whether income tax proceedings exonerating an accused can lead to quashing of criminal proceedings for disproportionate assets. CASE TYPE: Criminal Law, Prevention of Corruption Case Name: Puneet Sabharwal vs. CBI [Judgment Date]: March 19, 2024 Date of the Judgment: March […]
Supreme Court Remands Tax Appeal for Reasoned Decision: Principal Commissioner of Income Tax vs. Bajaj Herbals (2022) LEGAL ISSUE: Whether a High Court can dismiss a tax appeal without providing a reasoned order. CASE TYPE: Income Tax Appeal. Case Name: The Principal Commissioner of Income Tax-1 vs. M/s. Bajaj Herbals Pvt. Ltd. Judgment Date: April
Supreme Court Allows Withdrawal of Income Tax Appeal: K.V. Mohammed Zakir vs. Commissioner of Income Tax (2021) LEGAL ISSUE: Withdrawal of a civil appeal. CASE TYPE: Income Tax Case Name: K.V. Mohammed Zakir vs. Commissioner of Income Tax, Thrissur [Judgment Date]: 24 September 2021 Introduction Date of the Judgment: 24 September 2021 Citation: Not Available
Supreme Court Clarifies Treatment of Subscription Receipts: Peerless General Finance vs. Commissioner of Income Tax (2019) LEGAL ISSUE: Whether subscription receipts of a finance company should be treated as income or capital receipts for tax purposes. CASE TYPE: Income Tax Law. Case Name: The Peerless General Finance and Investment Company Ltd. vs. Commissioner of Income
LEGAL ISSUE: Applicability of the judgment in C.I.T. v. M/s. Yokogawa India Ltd. to similar cases. CASE TYPE: Income Tax Appeal Case Name: The Principal Commissioner of Income Tax vs. M/s. Rangsons Electronics Pvt. Ltd. Judgment Date: 27 October 2017 Introduction Date of the Judgment: 27 October 2017 Citation: Civil Appeal No.17325 of 2017 Judges:
