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
Supreme Court sets aside High Court order on Section 148 Income Tax Act notice: Pr. Commissioner of Income Tax vs. Nokia India Pvt. Ltd. (2019) LEGAL ISSUE: Whether the High Court was right in dismissing the Revenue’s appeal in limine, holding that it did not involve any substantial question of law, regarding the legality of
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
Date of the Judgment: 23 November 2017 Citation: 2017 INSC 1041 Judges: Rohinton Fali Nariman, J., Sanjay Kishan Kaul, J. Can the Income Tax Department apply new circulars about tax limits to old cases? The Supreme Court of India addressed this important question in a judgment. The court clarified that circulars issued by the 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:
