Category Archives: Income Tax

The expression “capital employed in the business of the company” did not include the “premium amount” [M/s Berger Paints India Ltd. V/s C.I.T., Delhi-V]

M/s Berger Paints India Ltd. V/s C.I.T., Delhi-V Before The Supreme Court of India Author of the judgement- Abhay Manohar Sapre, J.- Counsel for the appellant-Company- Mr Radha Shyam Jena Counsel for the respondent- Mr Mukul Rohtagi, learned Attorney General. Bench: R.K. AGRAWAL, ABHAY MANOHAR SAPRE Decided on: March 28, 2017 Sr. No. Title Relevant Sections 1. Income […]

The conditions to be met for availing storage service under the Finance Act are mandatory in nature: SC [Case Brief]

Finance act is one of the important act in India as all governmental policies are included in it. Every year through this act the Central Government, in the beginning of the year, gives effect to all financial policies. Thus this act renews itself every year. Gujarat State Fertilizers & Chemicals Ltd. & Another v. Commissioner […]

Standard Chartered Bank and Ors, etc. Vs. Directorate of Enforcement and Ors, etc.

The Supreme Court deals with the question that whether a company can be prosecuted for offences for which the sentence of imprisonment is a mandatory punishment. Along with this, the Court also goes on further to deal with the concept of ‘Judicial heroism’. Standard Chartered Bank and Ors. etc. Vs. Directorate of Enforcement and Ors. etc. […]

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