No service tax leviable on user development fees collected by Airport authority, being a statutory levy
The Hon’ble Supreme Court in the case of Central GST Delhi – III v. Delhi International Airport Ltd (Civil Appeal…
Tag: Supreme Court
Institutions earning profit from educational activities will not get tax exemptions
The Supreme Court has held that an institution earning profit from educational activities will not get exemption from income tax.…
Supreme Court ruling on Income Tax searches big relief to taxpayers
The Supreme Court has held that the income tax (I-T) department cannot reopen completed assessments under the Section 153A of…
No ITC to purchasing dealer in the absence of proof of genuine transactions and physical movement of goods
The Hon’ble Supreme Court in the State of Karnataka v. M/s. Ecom Gill Coffee Trading Pvt. Ltd. [Civil Appeal No.…
In absence of cogent evidence, mere invoice production, cheque-payment insufficient to claim ITC: Supreme Court
It’s a bad news for the industry as Supreme Court has held that mere production of invoice and cheque payment…
Search & Seizure proceedings cannot be initiated unless there is sufficient material against the assessee
The Hon’ble Supreme Court in Union of India & Ors. v. M/s. Magnum Steel Ltd. [Civil Appeal Nos. 9597-9599 of…
Bail denied to accused of fake invoices due to ongoing investigations to unearth more fake suppliers
The Apex Court has refused to interfere with the order passed by the Hon’ble Chhattisgarh High Court, wherein bail was denied to the accused in the alleged matter for availment of wrong Input Tax Credit, on the ground that investigations were still going on for detecting more fake suppliers and investigations might be hampered if bail was granted.
Bail Condition to deposit INR 70 Lakhs for alleged wrongful availment of ITC is not sustainable
The Hon’ble Supreme Court in the matter of Subhash Chouhan v. Union of India [Criminal Appeal No. 186 /2023 dated…
Integrated Desktop Computer cannot be classified as ‘portable device’
The Hon’ble Supreme Court in Hewlett Packard India Sales Pvt. Ltd. & Anr. v. Commissioner of Customs (Import), Nhava Sheva [Civil Appeal No. 5373 and 6715 of 2019, dated January 17, 2023] set aside the orders…
Replacement of old machinery with new machinery for improvement in quality/quantity results in ‘Modernisation’ and not diversification
The Hon’ble Supreme Court in AMD Industries Limited v. Commissioner of Trade Tax, Lucknow and Anr. [Civil Appeal No. 108…