SC

SC: Dismisses Revenue's SLPs involving low tax effect, applies CBDT's recent circular

SC division bench comprising of Justice Uday Umesh Lalit and Justice R. Subhash Reddy dismisses Department's SLPs citing low tax effect, applies CBDT's recent circular (dated August 8, 2019) which

Aug 20,2019

SC: Dismisses SLP against HC-order quashing re-assessment on Bharti Infratel

SC dismisses Revenue's SLP challenging Delhi HC order quashing re-assessment initiation (beyond 4 yrs period) on Bharti Infratel Ltd. (assessee, a subsidiary of Bharti Airtel Ltd.) for AY 2008-09; Delhi

Aug 16,2019

SC: Quashes assessment sans issuance of notice u/s 143(2); Sec. 292BB estoppel inapplicable

SC upholds HC order, quashes assessment u/s. 143(3) as “no notice u/s. 143(2)… was ever issued by the Department” to assessee-individual; HC had approved ITAT's order holding that issue of

Aug 14,2019

SC: Dismisses Revenue's SLP against HC-order quashing re-assessment notice issued on asset-reconstruction company

SC dismisses Revenue's SLP challenging Bombay HC order quashing re-assessment notice (initiated beyond 4 years) issued on assessee (an asset reconstruction and securitization company) for AY 2011-12; HC had ruled

Aug 09,2019

SC: Dismisses Revenue's SLP challenging Telecom Co.'s revenue recognition method for prepaid cards

SC dismisses Revenue's SLP challenging Delhi HC order holding that the amount received by assessee (engaged in providing basic telecom services) on sale of prepaid cards to the extent of

Aug 06,2019

SC: Dismisses SLP against HC order allowing Sec. 10A deduction on profits enhanced by Sec. 40(a)(ia) disallowance

SC dismisses Revenue's SLP against HC order, notes that the impugned issue of whether assessee is eligible to claim deduction u/s 10A on enhanced profit due to statutory disallowance u/s.

Aug 02,2019

SC: Upholds pre-emptive purchase of land u/s. 269UD; Factual findings by appropriate authority, not perverse

SC affirms HC order upholding the order passed by appropriate authority u/s. 269UD (providing for pre-emptive purchase of immovable property by Government in case of significant undervaluation of property with

Jul 30,2019

SC: Dismisses SLP against HC order upholding constitutional validity of dividend income taxation u/s 115BBDA

SC dismisses petitioner's SLP challenging Delhi HC's order upholding constitutional validity of Sec 115BBDA and proviso to Sec 10(34) providing for taxation of dividend income in the hands of specified

Jul 30,2019

SC: Upholds constitutional validity of Sec 35AC sunset clause; Rejects trust's hardship plea

SC confirms Gujarat HC judgment upholding constitutional validity of Sec. 35AC(7) which provided that deduction u/s 35AC would not be available for AY 2017-18 onwards; Assessee (a charitable trust) was

Jul 25,2019

SC: Dismisses Revenue's appeal; Assessment on non-existent entity, a 'substantive illegality', not procedural violation

SC dismisses Revenue's appeal challenging HC-order quashing assessment framed in the name of non-existent amalgamating company (Suzuki Powertrain India) for AY 2012-13, follows co-ordinate bench ruling in assessee's own case

Jul 25,2019

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