Delhi HC Refuse To Grant Bail To Director Of Shakti Bhog In Money Laundering Case [Read Order]
In a recent judgement, the Delhi High Court refused to grant bail to the director of Shakti Bhog in a Money laundering case. Tarun Kumar, the applicant has been charged under section 13(2) read with
Taxman have no jurisdiction to cancel Eligibility Certificate under the Sales Tax Waiver Scheme: Madras HC [Read Order]
In a recent order of Madras High Court has held that, the Deputy Commercial Tax Officer does not have jurisdiction to cancel eligibility certificate under the Sales Tax waiver scheme. The petitioner M/s.Padmashri Oil Refineries
Taxpayer earns Interest/Dividend Income out of Investments with Co-Operative Society, Entitles to 80P Deduction of Income Tax Act: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) restored to the Assessing Officer the case where the taxpayer, earning interest and dividend income from investments with a co-operative society, was entitled
Diversion of Crores of Loan Amount to Shell Companies Based on Fake Bills Generated Without any Genuine Business Transaction: Supreme Court Refuses to Grant Bail [Read Order]
The Supreme Court of India refused to grant bail on the economic offence of diversion of crores of loan amount to shell companies based on fake bills generated without any genuine business transaction. Tarun Kumar,
Karnataka HC quashes order imposing Tax and Penalty equal to 100% on Areca nut for Release of Detained Goods and Conveyances in Transit [Read Order]
The Karnataka High Court while remitting the matter back to the Single Judge Bench quashed the order imposing tax and penalty equal to 100% on areca nut for the release of detained goods and conveyances
Relief to Dodla International: License Fee for licensing a fully furnished Hotel along with License to run the Hotel Taxable as ‘Other Income’: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai on February 8 ruled that license fee received by an assessee for licensing a fully furnished hotel along with a license to run the hotel is a business
Income Tax Search and Seizure: Importance of Statement u/s 132(4) of the Income Tax Act, 1961, Retraction thereof
Introduction:- Authority and power to conduct search and seizure operations is strident and caustic power authorized by law to be taken recourse to when the conditions mentioned under different clauses of Section 132 (1) of
GST: TDF Forms Not Required for Inter-State Supply of Goods, says Allahabad HC [Read Judgment]
In another petition on GST filed by Satyendra Goods Transport Corp, the Allahabad High Court held that T.D.F. forms are not required to be carried as the Central Government, who is the only authority empowered
High Courts Weekly Round-Up
This weekly round-up analytically summarises the key stories related to the Supreme Court and High Court reported at Taxscan.in during the previous week from September 26 to October 2, 2022. SUMAN JEET AGARWAL vs INCOME
“The Amendments made in Excise and Service Tax Laws requiring Mandatory Pre-Deposit for filing appeal before the CESTAT is Restrospective”: Madras HC [Read Judgment]
Recently, a writ petition was filed before the Madras High Court, in which the petitioner sought a declaration that Section 35F of the Central Excise Act, 1944 read with Section 83 of the Finance Act,
Post-Sale Discounts do not form part of the Turnover: Supreme Court [Read Judgment]
The two-judge bench of the Supreme Court of India today categorically held that the post-sale discounts granted by the dealer/manufacturer by issuing credit notes are eligible for deduction under the provisions of the Karnataka Value
Delhi HC urges Govt to expedite Implementation of National Litigation Policy, calls for Time-Bound Action Plan [Read Order]
In a recent ruling, a Division Bench of the Delhi High Court has urged the Central Government to expedite the implementation of National Litigation Policy. The Bench of Chief Justice Satish Chanfra Sharma and Justice
Bombay HC to hear PIL against waiving Entertainment Duty on Coldplay Concert
A PIL has been filed before the Bombay High Court against the Government’s decision to waive off entertainment duty on the upcoming coldplay concert by the British rock band which is scheduled to be held
Top 30 Supreme Court Tax Judgements of 2022
TDS Deductible from LTC for Foreign Travel of SBI Employees In State Bank of India vs Assistant Commissioner of Income Tax, a division bench of the Supreme Court headed by Chief Justice Uday Umesh Lalit
ITAT Weekly Round Up
Tax Deduction U/s 80G of Income Tax Act Allowable on Donation received by Public Trust for Recycling Plastic Waste: ITAT Huhtamaki Foundation vs. Commissioner of Income Tax CITATION: 2023 TAXSCAN (ITAT) 2686 The Mumbai Bench of