WebApr 14, 2024 · 16 total views Indian Supreme Court decided not to interfere with Delhi High Court’s ruling related to validity of reassessment proceedings for Assessment Year 2013-14 Dismissing the petition of the taxpayer, the SC decided not to interfere with the order of Delhi HC. In effect, the decision of Delhi HC stands valid i.e. the time … Continue reading Indian … WebOct 25, 2024 · ‘Claiming an income tax is instead an excise tax to set up litigation in hopes the state Supreme Court will now say that we don’t own our income is disingenuous at best’ Jason Mercier Washington Policy Center. The state Supreme Court will hear oral arguments in the capital gains income tax lawsuit on January 26, 2024, at 9 a.m.
Pollock v. Farmers
WebApr 26, 2024 · The U.S. Supreme Court’s 2024 sales tax decision in South Dakota v. Wayfair, Inc. [138 S. Ct. 2080 (2024)] significantly changed the long-standing physical presence (nexus) rule articulated in the Court’s 1992 case, Quill Corp. v. North Dakota [112 S. Ct. 1904 (1992)]. The ruling in Quill recognized a requirement that vendors whose sales ... WebIn a 5-to-4 decision, the Supreme Court struck down the income tax imposed by the Wilson–Gorman Tariff Act for being an unapportioned direct tax. The decision was … orange county lunch spots
Supreme Court Declares Income Tax Unconstitutional
WebApr 12, 2024 · The Supreme Court has ruled that the assessee is not entitled to deduction under Section 80- IB of the Income Tax Act, 1961 on the amount received / profit derived from the Duty Entitlement Pass ... WebIn the latest judgement in Commissioner of Income Tax vs. Laxman Das Khandelwal, the Supreme Court has explained the law on the point as regards applicability of the requirement of notice under Section 143 (2) of the Income-tax Act to the validity of the assessment order and whether Section 292BB of the Act makes a difference to the law WebAs per section 149 of the Act, No Notice shall be issued beyond 3 years unless, Assessing Officer has in his possession books of account or other documents or evidence which reveal that the income chargeable to tax is represented: (a) in form of an asset, (b) expenditure in respect of a transaction or in relation to an event or occasion; or orange county maintenance facility