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
Supreme Court clarifies total turnover under Section 10A of IT Act: Commissioner of Income Tax vs. HCL Technologies Ltd. (2018) LEGAL ISSUE: Whether software development charges should be excluded while calculating deductions under Section 10A of the Income Tax Act, 1961. CASE TYPE: Income Tax Case Name: Commissioner of Income Tax, Central-III vs. HCL Technologies
Supreme Court Clarifies Taxability of Stock Appreciation Rights (SARs) in Income Tax Act: Addl. Commissioner of Income Tax vs. Bharat V. Patel (2018) LEGAL ISSUE: Whether the amount received on redemption of Stock Appreciation Rights (SARs) is taxable as a perquisite or as capital gains under the Income Tax Act, 1961. CASE TYPE: Income Tax
Supreme Court Allows Lease Equalization Charges Deduction: Commissioner of Income Tax vs. Virtual Soft Systems Ltd. (2018) LEGAL ISSUE: Whether lease equalization charges can be deducted from lease rental income under the Income Tax Act, 1961, based on a Guidance Note issued by the Institute of Chartered Accountants of India (ICAI). CASE TYPE: Income Tax
Supreme Court Clarifies Retrospective Application of Section 40(a)(ia) of the Income Tax Act in Tax Deduction Cases LEGAL ISSUE: Whether the amendment to Section 40(a)(ia) of the Income Tax Act, 1961, by the Finance Act, 2010, has retrospective application. CASE TYPE: Income Tax Law Case Name: Commissioner of Income Tax Kolkata XII vs. M/s Calcutta
Supreme Court Clarifies the Scope of Section 366 IPC in Abduction Cases: Kavita Chandrakant Lakhani vs. State of Maharashtra (2018) LEGAL ISSUE: Whether the act of forcibly taking a woman to a place constitutes abduction with the intent to compel marriage or illicit intercourse under Section 366 of the Indian Penal Code, 1860. CASE TYPE:
Supreme Court Upholds Eviction of Tenant in Apollo Zipper India Ltd. vs. W. Newman And Co. Ltd. (2018) LEGAL ISSUE: Whether a tenant can challenge the derivative title of a landlord after attornment and whether the suit was maintainable under the Transfer of Property Act, 1882. CASE TYPE: Civil (Eviction Suit) Case Name: Apollo Zipper
Supreme Court Upholds Dismissal of Appeals Under SAFEMA Due to Limitation: Amina Bi Kaskar vs. Union of India (2018) LEGAL ISSUE: Whether the Appellate Tribunal was justified in dismissing appeals as time-barred under the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (SAFEMA), and whether the High Court was correct in upholding the
Supreme Court on Double Taxation: Sikkim Lottery Income Tax Exemption LEGAL ISSUE: Whether income from Sikkim State Lottery is taxable under the Income Tax Act, 1961, when it has already been taxed under the Sikkim State Income Tax Rules, 1948. CASE TYPE: Income Tax Law. Case Name: Mahaveer Kumar Jain vs. Commissioner of Income Tax,
