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Supreme Court Sets Aside Labour Court's Award in Employment Dispute Due to Jurisdictional Error. Review of Award Found Invalid as Labour Court Lacked Authority After 30 Days from Publication....

The dispute arose from the termination of the respondent's employment as a Cook helper by the appellants, State of U.P. The respondent was employed on 01st January 1990 and alleged termination on 31st...

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Supreme Court Dismisses Income Tax Department Appeals on Deductibility of Charges. Court found that both commitment and finance charges were allowable deductions under Section 37 of the Income-tax Act, 1961....

The Supreme Court addressed two civil appeals filed by the Income Tax Department against the Gujarat High Court's decision regarding the deductibility of certain charges under the Income-tax Act, 1961...

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Supreme Court Dismisses State's Appeals Against Tax Assessment Reopening Due to Circular Authority. Board of Revenue's Circular No. 16/98 Validates Tax Treatment of Field and Centrifuged Latex as Same Commodity under Kerala General Sales Tax Act, 1963....

The dispute arose between the State of Kerala and M/s Kurian Abraham Pvt. Ltd. regarding the tax treatment of field latex and centrifuged latex under the Kerala General Sales Tax Act, 1963 and the Cen...

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Supreme Court Allows Assessee in Sales Tax Exemption Case — Remits for Fresh Consideration. The Supreme Court found that the High Court failed to properly interpret the Exemption Notifications and directed the AO to reassess the exemption claims based on the Notifications' terms....

The case involved M/s Padinjarekara Agencies Limited, which filed civil appeals against a common judgment of the Kerala High Court that dismissed their revisions regarding sales tax exemptions. The ap...

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Supreme Court Partially Allows Appeal in Income Tax Case Addressing Interest and Depreciation Issues. Court ruled that interest on borrowings for unused capital assets is deductible, while the question of partial depreciation was remanded for further consideration....

The case involved an appeal by the Jt. Commissioner of Income Tax against M/s. United Phosphorous Ltd concerning two primary legal questions. The first question was whether interest paid on borrowings...

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Supreme Court Dismisses Income Tax Department Appeal on Interest Deduction for Capital Assets. Court ruled that interest on borrowings for unused capital assets is allowable under Section 36(1)(iii) of the Income-tax Act, 1961....

The case involved an appeal by the Income Tax Department concerning the deductibility of interest paid on borrowings for capital assets that were not utilized in the relevant financial year. The prima...

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Supreme Court Partially Allows Appeals in Income Tax Case Due to Interest on Borrowings for Capital Assets. Interest on Borrowings for Capital Assets Permitted as Deduction Under Section 36(1)(iii) of Income-tax Act, 1961....

The Supreme Court addressed appeals filed by the Deputy Commissioner of Income Tax against M/s. Core Health Care Ltd. concerning the disallowance of interest on borrowings for capital assets not put t...

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Supreme Court Dismisses Income Tax Department Appeal on Interest Deduction for Unused Assets. Court held that interest on borrowings for capital assets not in use is not an allowable deduction under Section 36(1)(iii) of the Income-tax Act, 1961....

The case involved an appeal by the Commissioner of Income Tax, Baroda against Ishwar Bhuvan Hotels Ltd. regarding the deductibility of interest paid on borrowings for capital assets that were not util...

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Supreme Court Dismisses Income Tax Department's Appeals on Deductibility of Charges Due to Revenue Nature. Commitment and Finance Charges Found Deductible as Revenue Expenditures Under Section 37 of the Income-tax Act, 1961....

The Supreme Court addressed two civil appeals filed by the Income Tax Department against the Gujarat High Court's decision regarding the deductibility of certain charges under the Income-tax Act, 1961...

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Supreme Court Dismisses State's Appeal Against Tax Assessment Reopening. The Board of Revenue's Circular No. 16/98 was upheld as valid, treating field latex and centrifuged latex as the same commodity for tax purposes under the Kerala General Sales Tax Act, 1963....

The dispute arose between the State of Kerala and M/s Kurian Abraham Pvt. Ltd. regarding the tax treatment of field latex and centrifuged latex under the Kerala General Sales Tax Act, 1963 and the Cen...