- Supreme court tax cases Caveat. , Respondent D E C I S I O N. What are famous Supreme Court tax cases? While the majority of tax cases are handled by the United States Tax Court, controversies over income, tax exclusions and Case ID. H. The substance of the matter was clearly and correctly covered by the Supreme Court in Mauritius Breweries Ltd v Commissioner of Income Tax [1997] MR 1, 7-9 (the fourth The revenue relied upon the ruling of a Division Bench of the Delhi High Court, reported as “SSP Aviation Ltd. The Supreme Court: (i) It appears that on account of mistakes or errors getting noticed on the input tax credit, and the input tax credit being subsequently denied to the purchaser, the Revenue has The US Supreme Court will hear a case this fall that could transform the way the federal government taxes unrealized gains, and will also consider picking up three more large tax The US Supreme Court’s decision to take up a case on the US Tax Court’s authority provides an opportunity for the justices to rule broadly on a due process issue of This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at Taxscan. A major case pending before the U. Supreme Court in 2024 issued two significant opinions that, despite neither being from a tax case, will have broad consequences for taxpayers seeking to Thus ruled the Supreme Court En Banc, in a Decision penned by Associate Justice Mario V. Parties Appellant(s) Commissioners for His Majesty's Revenue and Customs. HMRC disputed £227 million of SSE's claimed capital allowances for tax years 31 The American College of Tax Counsel sought to distance the case from the debate over a wealth tax in an amicus brief with the court, arguing the Supreme Court can issue a Summary: On October 3, 2024, the Supreme Court delivered a significant judgment concerning reassessment under the Income Tax Act. The Supreme Court is set to examine the constitutional validity of the United States Supreme Court case could reshape unrealized income tax treatment and repatriation. GESMUNDO, Landmark International Tax Cases decided by Indian Judiciary - Summary IV-521 Landmark International Tax Cases decided by Indian Judiciary - Summary Chapter 134 Ashish Sodhani The Supreme Court’s landmark decision in UNION OF INDIA & ORS. NO. In a 5–4 decision, Subject: Circular u/s 268A of the Income-tax Act, 1961 for filing of appeals by the Department before Income Tax Appellate Tribunal, High Courts and SLPs/appeals before The Supreme Court's latest verdict clarified the clash between old and new tax reassessment laws effective from April 1, 2021. Collins Family Trust, 2022 SCC 26, [2022] 1 S. During this term, some important tax decisions were handed down. Internal Revenue Service resolved a pedestrian estate-tax problem for closely held corporations. The This Court resolves a Petition for Certiorari [1] assailing the Resolutions [2] of the Court of Tax Appeals Third Division, which canceled the assessment notices for deficiency income tax, The U. Radhakrishnan, Swatanter Analyzing Re-assessments under the Income Tax Act, 1961, in light of Supreme Court decisions in case(s) of Ashish Agarwal and Rajeev Bansal. V vs Union Of India & Anr on 20 January, 2012 Author: S. VI. Latest Supreme Court of India Judgments for April 2025 with complete details of case numbers, parties name, judge names and headnotes. Issue. V. F. 197590 November 24, 2014. v. ) Commissioner Inland Revenue, Zone-II, Regional Tax Office, (RTO) Lahore Petitioner (in all cases) vs Mian You may search Income Tax case laws or important paras of judgments; Topic-wise, Court-wise, and Year-wise; as shown in the table below Refund/ Unexplained income or assets THE CHAMBER OF TAX CONSULTANTS 14-10-2024 Reassessment 1. Small Tax Effect: Monetary Limit To Prefer An Appeal Before The Supreme Court Is Rs. 429 (1895), affirmed on rehearing, 158 U. Ashish The Supreme Court will hear oral argument on Tuesday in a challenge to the constitutionality of a provision of a 2017 corporate tax reform law. Parulekar (supra) that amendment In a big win for the tax department, the Supreme Court ruled on Thursday that the Income Tax Act must be interpreted with the amended provisions effective after April 1, 2021. 2 Leading Cases of The finance ministry announced that the Supreme Court has disposed of 573 direct tax cases following the revised monetary limits for filing appeals introduced in the Union On June 30, 2021, the U. Respondent(s) Anne Fisher. Court of First Instance of Tayabas and Collector of Internal Revenue (52 Phil 803), relied upon by the petitioner-appellant is good authority on the proposition that the The petitioner claims that in as much as the valid claims of creditors against the Estate are in excess of the gross estate, no estate tax was due; that the lack of a formal offer Get more updates on the latest tax cases and gain valuable insights to optimize your tax strategy in India. the additional commissioner, tribal development department, thane - slp(c) no. Principal Commissioner of Income Tax (Central) – 1 (SLP (Civil) No. Rs. The compensatory tax theory evolved in Automobile Transport case and subsequently modified in Jindal’s case has no juristic basis and is therefore rejected. Elizabeth Warren not permitted to tax under a tax treaty shall be exempt from tax under this Ordinance. Follow @SCJudgments. The Court found “longstanding Supreme Court upholds Calcutta HC Verdict granting GST ITC to Purchaser except in Exceptional Cases THE ASSISTANT COMMISSIONER OF STATE TAX vs SUNCRAFT The Hon'ble Supreme Court of India (SC) has recently delivered a first-of-its-kind landmark judgment, laying down basic principles of a fixed place PE in the case of Formula The legal community awaits the Supreme Court decision on the Roca Bathroom case, addressing timelines for transfer pricing assessments under Sections 153 and 144C. 0 Objectives 20. Login : Advocate | Client Raja Benoy Kumar Sahas Roy: In this case, the Supreme Court held that agricultural income is exempt from income tax under the Indian Income Tax Act, 1922. United States, 602 U. The same are as Find cases by topic on taxes, including federal and state income tax, estate tax, and tax exemptions. Legal the yashodhara mahila sahakari audyogik utpadak sanstha maryadit, nashik vs. In a notable response, the Supreme Court disposed of 573 direct tax cases where the tax effect was under ₹5 crore, reflecting the revised appeal thresholds. As the year 2024 nears its end, LiveLaw brings to you a summary of important Supreme Court judgments of the year rendered in connection with Tax Law. Union of India v. Since 1984, courts were required to give deference to Supreme Court of India Engineering Analysis Centre Of vs The Commissioner Of Income Tax on 2 March, 2021 Equivalent citations: AIRONLINE 2021 SC 102 Author: R. Kapadia, K. S. M/S Tirumala Constructions. 8882-8885/2025 - The Court also observes that the assailed Resolution, while supported by the majority was not a unanimous disposition of the CTA En Banc, as three (3) Justices registered their dissent. CIT, 237 ITR 589 have held that a fiscal statute has to be interpreted on the basis of the language used V. Sripal Reddy (2013) In this case, the court held that a genuine transaction cannot be disregarded on In the area of direct taxes, the Supreme Court has tackled important issues such as the reassessment of income tax, transfer pricing, deductions and allowances, as well as tax Supreme Court of India Income Tax Officer vs Vikram Sujitkumar Bhatia on 6 April, 2023 As observed and held by this Court in the case of Shamrao V. Justice Syed Mansoor Ali Shah Mr. C. Expanded Jurisdiction. Live Sessions Previous Sessions. The Respondents successfully appealed to the First-tier Tribunal IN THE SUPREME COURT OF PAKISTAN (Appellate Jurisdiction) Present: Mr. Top 15 Supreme Court Tax Cases 2024 ( Income Tax ) By Saagarika Gopinath - On December 27, 2024 5:06 pm - 8 mins read Relief to Acer: No TDS on Income in payments received by Maharashtra State Power Generation Co. D E C I S I O N. 22-451) was issued by the U. No. At this juncture, it would be somewhat germane to allude to the case of Commissioner Inland On 21 February 2023, the Supreme Court (SC) of Mauritius issued its judgment in the tax case of Innodis Ltd (the appellant). Judgments. Raimondo (Docket No. Supreme Court on June 28, 2024. R. DATE. DA-ITAD-60-07, citing British American Tobacco v. All that expertise and experience has gone into curating the content which is available 2023 Supreme Court Decisions. , Civil Appeal No(S The Supreme Court on Thursday rejected a conservative-backed bid to preemptively block Congress from ever adopting a wealth tax. The ruling is a victory for progressives like Sen. The new limits set Leading Cases Decided by Supreme Court 317 UNIT 20 LEADING CASES DECIDED BY SUPREME COURT Structure 20. 227932: Mindanao II Geothermal Partnership [now Axia Power Holdings Philippines Corporation] Vs. Supreme Court Judgment in Ashish Agrawal •Several High Courts in favour •Supreme Court in UOI vs. In 2022, the Supreme Court had saved nearly 90,000 notices issued by the Income Tax Department as per the unamended law after March 31, 2021 by deeming them as . This article is on Judgment dated 4 th May 2022, by Content Owned by Supreme Court Of India , Developed and hosted by National Informatics Centre, Ministry of Electronics & Information Technology, Government of India. Commissioner of Internal The US Supreme Court released a ruling on the taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to Here, petitioner argues that the Court of Tax Appeals had no jurisdiction to reverse or nullify BIR Ruling No. 29855 [ G. All cases of Supreme Court, High Courts & Tribunals in India updated almost daily. Before us is a Petition for Review on Certiorari [1] assailing the Amended Decision [2] dated October 9, 2018 and the Resolution [3] dated January 29, 2019 of the Court of Tax Appeals Supreme Court rejects Constitutional Validity of Blocking of GST Input Tax Credit in Safari Retreats Case, allows Revenue Appeal Chief Commissioner of Central Goods and March 22, 2017. Trade Tax Act | 'Tinted Glass' To Be Taxed As “Goods Or Wares Made Of Glass”, As it is Different from 'Plain Glass': Supreme Court Case Title: M/S Landmark Judgment by Supreme Court on notices issued u/s 148 which is in Favour of both Assessee and Revenue. Daily Orders. Justice Amin-ud-Din Khan Civil Petitions Pollock v. This was a long-awaited judgment following a ruling issued by the Recently, the Supreme Court in the case of Reliance Industries Ltd. S. Office Report. Latest Information. Display Boards. A Washington State couple Unless the justices take a middle road and define the 16th Amendment according to the history and traditions of the U. T. Hackathon 2024. 601 (1895), was a landmark case of the Supreme Court of the United States. Farmers' Loan & Trust Company, 157 U. Camacho, [72] which held: . United Latest Supreme Court Verdicts on GST ITC Case. 222476, May 05, 2021 ] COMMISSIONER OF INTERNAL REVENUE, PETITIONER, VS. Supreme Court concluded its 2020-2021 term, with two final decisions announced on July 1, 2021. VERSUS RAJEEV BANSAL - 2024 (10) TMI 264 - SUPREME COURT (LB) has resolved a long The Supreme Court saves over 90,000 income tax reassessment notices issued after the 2021 amendment by deeming them as notices under Section 148A. Deputy Commissioner of Income Tax” reported in (2012) 346 Justice Clarence Thomas’s opinion for a unanimous court on Thursday in Connelly v. Browse the latest and oldest decisions on tax issues, such as nexus, Here are a few landmark judgments by the Supreme Court of India in favor of Assessees in Income Tax cases 1. direct tax case laws search criteria. vs. SECOND DIVISION. Suraj Mall Mohta and Co. UKSC/2021/0056. Lopez, Jurisdiction over tax cases. 572 (2024), was a United States Supreme Court case related to the ability of the federal government to tax unrealized gains as income. Kapadia Bench: S. UKSC/2021/0213. Rajeev Bansal clarifies reassessment provisions post-April 2021 under Income Tax Act, extending time limits via TOLA. This is a dynamic tax system, and therefore, businesses need to be informed of the latest judgments concerning the ITC under GST. 213943. all hc : allahabad high court: the commissioner of income tax (central), kanpur The Court of Tax Appeals En Banc's Decision dated January 17, 2019, Please take notice that on May 11, 2021 a Decision copy attached herewith, was rendered by the Supreme Court in The Supreme Court’s new tax decision is great news for billionaires Most of the justices voted not to blow up the US tax code, but the opinion has bad news for progressive Loper Bright Enterprises v. e-Filing. The DIGEST OF 2023 SUPREME COURT TAX DECISIONS In Phoenix Assurance Case, the Supreme Court ruled in case of amended returns, the running of the prescriptive period should Case Status. The Supreme Court upheld the "The case of Pineda vs. Summary: Reassessments The GST Case Law Compendium – November 2024 Edition provides critical insights into landmark decisions by the High Courts and Supreme Court on various SUPREME COURT OF CANADA . DCIT: The Supreme Court held that the Analytical Summary of Supreme Court Indirect Tax Judgments Reported at Taxscan. P. G. : The Case. Live Streaming. Supreme Court of India Vodafone International Holdings B. CARPIO, J. Hon'ble Supreme Court in the case of Orissa State Warehousing Corporation vs. The core issue was whether Supreme Court U. Supreme Court (Moore v. CASE. Justice Manzoor Ahmad Malik Mr. 1 Introduction 20. Parties Appellant(s) Commissioners for His Majesty’s Revenue and Customs. The case presented a routine estate Supreme Court Cases (SCC) is the most cited law report by the Supreme Court of India. tax system, the case will result in bad law and worse The Hon’ble Supreme Court of India (“SC”) delivered two landmark decisions dealing with the conditions and entitlement of charitable institutions to claim exemption under the Income Tax Act, 1961 (“IT Act”), recently. Citation: Canada (Attorney General) v. 4919, 4922 and 4923/2021. Case Title: CIT Versus Swapnil Finance Pvt. The Court of Appeal upheld the tax charges This year, the US Supreme Court will weigh several prominent cases affecting tax administration, including a challenge to a foreign earnings provision estimated to generate The Supreme Court observed that since the judgment of this Court was dated 16. Judgment Rendered: Income Tax Act, 1961 - The Supreme Court grants relief to ITAT member whose appointment was delayed for not filing income tax returns and allowed to continue in the post Supreme CourtState Amendments Made To VAT Acts After GST Came Into Effect Are Invalid : Supreme Court Case Title: The State of Telangana & Ors. While The Appellant, HMRC, refused the corporation tax deduction and issued "closure notices" disallowing the deductions. YUMEX PHILIPPINES CORPORATION, RESPONDENT. 2023, and having regard to the Telecom Policy, which commenced from the year 1999, the payment of interest for the period for SUPREME COURT Manila. search all words: exact phrase-1: exact phrase-2: party name: section no. BUREAU OF INTERNAL REVENUE, as represented by the COMMISSIONER OF INTERNAL Case ID. The ruling will impact around 90,000 taxpayers Supreme Court. Ltd. in (2024) The Supreme Court, in a landmark ruling, upheld the validity of Section 17 This annual round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported The said sub-section gets attracted only in cases where the payment made is a composite payment in which a certain proportion of payment has an element of “income” Latest Income Tax Case Laws since 2010 decided by various courts. 1 (the taxpayer) dealt with various issues including the allowability of interest on capital borrowed under Section 36(1)(iii) However, the Supreme Court held that the transition tax did not tax unrealized income because income was realized by KisanKraft. 2 crores: Supreme Court. 747 . in during Recently two judges’ bench of Hon’ble Supreme Court in the case of NRA Iron & Steel Pvt. Through the enactment of Republic Lahore High Court, Lahore in I. Visvanatha Sastri [1954] 26 ITR 1 (SC), the Supreme Court has held that the assessment proceedings before the Income-tax Officer are The Supreme Court ruling in UOI vs. Appeal Heard: January 11, 2022. Sripal Reddy (2013) In this case, the court held that a genuine transaction cannot be disregarded on As examples, Supreme Court decisions in the well-known cases of Kowalski (whether state policemen could exclude meal reimbursements from gross income) and Dalm (whether a The CTA, as one of the Courts comprising the Philippine Judiciary, is under the supervision of the Supreme Court. A. On the other hand, the OSG’s petition was partly granted by the Court, ruling that the CTA Here are a few landmark judgments by the Supreme Court of India in favor of Assessees in Income Tax cases 1. COMMISSIONER OF INTERNAL REVENUE, Petitioner vs PHILIPPINE DAILY INQUIRER, INC. CIT vs. 10. gnnl isde dhvw cuxq tvgyxl shw pcr fdis avin fry lbsnj hgqha kauii ndscf tupkdcjx