Supreme Court Introduces Professional Bail Bondsperson Rules 2026 To Curb Rampant Fake Sureties Supreme Court Issues Comprehensive Guidelines For Foreign Nationals In NDPS Commercial Quantity Cases, Mandates Passport Deposition And Strict Surety Verification Supreme Court Issues Mandatory Guidelines To Curb Black Money In Elections, Directs Fast-Track Disposal Of Criminal Cases Against MPs And MLAs Same Set of Depositions Cannot Lead to Conviction of Some Accused and Acquittal of Others Without Distinct Reasoning: Supreme Court Victims Have Equal Constitutional Right To Speedy Trial: Supreme Court Section 12 Of Gangsters Act Does Not Freeze Other Parallel Proceedings, Its Sole Purpose Is To Resolve Clash Of Dates: Supreme Court Registration of a Will Does Not Dispense With Mandatory Proof of Execution and Attestation Under Section 68 of Evidence Act: Supreme Court Arbitration Pre-Deposit Clause Requiring Contractor To Deposit 10% Of Claim Amount Prior To Reference Violates Right To Sue And Article 14: Supreme Court

"TAXATION LAW" Digest

Property Tax – Arrears and Interest – Demand Notice: Appeal against the modification of a notice demanding arrear property tax and current dues with surcharge and interest – Appellant contended no bills were raised for the arrear period, and sought to pay arrears in installments – Municipality asserted the bills were duly raised and interest cannot be waived – Single ...

Reassessment Action – Validity – Search Case – Petitioner Challenged Notice for AY 2013-14 Issued Post Search – Court Examined Timeframes Under Section 149(1) and 153C – First Proviso to Section 149(1) Requires Consideration of Pre-2021 Timelines – Reassessment Notice Held Beyond Limitation Period [Paras 1-13]. Block Period Computation – Section 153C &n...

Income Tax – Characterization of Receipts – Settlement Agreement – Rs. 32.42 crores received by ITC from ELEL under a settlement agreement related to disputes over a hotel operating license agreement – Issue of whether the sum is capital or revenue receipt – ITAT held it as a long-term capital gain – High Court reversed, determining it as a revenue receipt, taxa...

Taxation Law - Central Excise Tariff – Classification of Coconut Oil – Edible Oil vs. Hair Oil - Pure coconut oil marketed in small quantities – Dispute on classification under Heading 1513 (Edible Oil) in Section III-Chapter 15 or Heading 3305 (Hair Oil) in Section VI-Chapter 33 of the First Schedule to the Central Excise Tariff Act, 1985 – Held: Classification depends on ...

Taxation Law – Refund and Interest – Petitioner, a registered dealer under DVAT and CST Acts, sought refund of excess tax paid for the fourth quarter of AY 2016-17 and the first quarter of AY 2017-18 – Petitioner provided ‘C’ forms for concessional rate of interest – Refund claims not processed timely; petitioner moved writ petitions – Respondents eventual...

Income Tax – Charitable Purpose – Educational Activities – Assessee, NIIT Foundation, a society registered under the Societies Registration Act and granted registration under Section 12A of the Income Tax Act, engaged in educational and skill development activities for underprivileged youth – Revenue challenged tax-exempt status, claiming activities were commercial – ...

Income Tax – Reassessment Proceedings – Revenue's appeal against ITAT's invalidation of reassessment – Original assessment completed under Section 143(3) – Reassessment notice issued under Section 148 after more than four years – Allegations based on audit report claiming non-disclosure of material facts by the respondent-assessee – ITAT found no new tan...

Taxation Law - Faceless Scheme of Assessment – Legislative Intent and Evolution – With the advent of technological advancements, the Revenue aimed to modernize the tax assessment process by reducing direct taxpayer-officer interaction to prevent undesirable practices – Budget Speech 2019 underscored these issues, advocating for the faceless scheme to enhance transparency and effi...

Taxation Law - Goods and Services Tax – Maintainability of Writ Petition against Show Cause Notice – Limited Jurisdiction – A writ petition challenging a Show Cause Notice under Section 74 of the CGST/WBGST Act is not maintainable unless the notice is wholly without jurisdiction or ex-facie perverse. Procedural grievances, such as alleged non-consideration of replies, can be addr...

Income Tax Law – Section 33AC and Section 80-I Interaction – Interpretation of Income Tax Act Provisions in Shipping Industry Context – Deduction Computation Clarified – The High Court of Bombay examined whether the deduction under Section 33AC of the Income Tax Act, 1961, for a reserve created by a shipping company to acquire a new ship, should be subtracted from the profi...