Supreme Court Rulings
SC by 8:1 majority, holds that, State Legislature has the competence to legislate on “industrial alcohol”while deciding the issue whether “intoxicating liquors” in Entry 8 -Lis
...View More SC (3-Judge bench) upholds the judgment and reasoning of Justice S. Ravindra Bhat while deciding the split verdict on taxability of ‘interchange fees’ received by Issuing Bank from Acquiri
...View More SC in case alleging bogus ITC claim, allows Revenue's appeal against Karnataka HC order; Considers Revenue’s submission that the Assessee has claimed credit on transactions carried out with non-
...View More SC, following its earlier order that confirmed the CESTAT ruling in Vivo Mobile case on classification of cellphone cover based on customs tariff rather than an exemption notification or MeITY policy,
...View More SC dismisses Revenue’s SLP against Karnataka HC judgment which held that managing investors' money under 'trust structure' by Venture Capital Funds (VCFs)
...View More SC dismisses Revenue's SLP challenging the judgment of Rajasthan HC which dropped penalty against dealer of Tata Motors (assesee) but sustained reversal of ITC availed in excess of output tax payable
...View More SC delivers split verdict on classifying coconut oil in small containers issue i.e whether in small packs, container,, pouches etc, same would be 'hair oil' under heading 3305 and in larger packs it w
...View More SC dismisses a batch of civil appeals by telecom companies seeking a declaration that section 65 (105) (zzzx) of the Finance Act is ultra vires Entry 62 List II of the Seventh Schedule of Constitution
...View More SC allows civil appeal of assessee by permitting discontinuation of the Bank Guarantee (BG) of Rs 26.8 lakhs maintained in favour of Prothonotary of Bombay HC that has been renewed and kept alive
...View More SC dismisses Revenue’s appeal against CESTAT’s order upon finding no infirmity in the observation regarding Revenue’s inability to establish suppression on the part of Assessee-impor
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