SC: Directs Settlement Commission to re-decide interest waiver issue considering Ghaswala & Brij Lal ruling

SC sets aside HC order regarding waiver of interest u/s 234A,B and C in settlement proceedings, remands matter back to Settlement Commission to decide afresh after considering SC ruling in

Mar 05,2019

SC: Larger Bench-Rules in assessee's favour on Sec. 80HH issue; 'Profits & gains' not synonymous with 'income'

SC larger bench rules in favour of assessee for AYs 1979-80 and 1980-81 and overrules division bench ruling in Motilal Pesticides (I) Pvt. Ltd., holds that Sec. 80HH deduction is

Mar 02,2019

SC: Dismisses SLP against HC quashing re-assessment based on 'Factual error' pointed out by Audit party

SC dismisses Revenue's SLP against Delhi HC quashing reassessment u/s 148 (beyond 4 years period) premised on 'factual error' pointed out by the Audit party for AY 2010-11; Upon examination

Mar 01,2019

SC: Dismisses SLP; HC rejected assessee's 'retrospective' interest plea u/s. 244A(1A)

SC dismisses assessee-Trust's SLP challenging Gujarat HC judgement rejecting plea for additional interest on refund by retrospective application of sub-section [1A] of Sec. 244A (inserted w.e.f June 1, 2016), HC

Mar 01,2019

SC: HC's order bereft of 'reasoning', suffers from jurisdictional errors; Remands matter

SC sets aside HC order, holds HC's order suffers from jurisdictional errors as it had dismissed Revenue's appeal without discussing nor assigning any reason in support of its conclusion; On

Feb 28,2019

SC: Ex-Chairman's 'health ailments' sufficient cause for condoning over 200-days appeal filing delay

SC sets aside HC order, condones assessee-company's 224 days delay in filing appeals u/s. 260A and directs HC to hear the appeals on merits; Assessee had professed that delay was

Feb 26,2019

SC: Reverses HC-order; Interest conversion into loan not 'actual payment', upholds Sec.43B disallowance

SC reverses Gujarat HC order and rules in favour of Revenue, upholds AO's disallowance u/s. 43B for conversion of unpaid interest into loan for AY 2001-02; Notes that the interest

Feb 26,2019

SC: Condones Revenue's delay of 290 days caused due to non-communication by Standing Counsel

SC condones Revenue's delay of 290 days in filing SLP, caused on account of non-communication of the objection by the Standing Counsel; SC notes that due to non-communication by Standing Counsel,

Feb 22,2019

SC: Copy of SC judgment approving multiple 'initial AYs' u/s. 80-IC for 'substantial expansion'

SC (3 Judges bench) affirms Himachal Pradesh HC judgment allowing 100% deduction u/s. 80-IC to assessees upon undertaking substantial expansion, rules that the definition of 'initial assessment year' contained in

Feb 21,2019

SC: Counsel's outstation visit no ground to seek adjournment; Dismisses appeal for non-prosecution

SC dismisses appeal for non-prosecution; Appellant had sought adjournment on the basis that the learned counsel was out of station; Rejecting the prayer, SC remarks that, “This is no ground

Feb 18,2019