TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Indian Supreme Court Expedites Hearing, Maintains Status Quo in Civil Cases Pending Further Proceedings.</h1> <h3>M/s. Bhushan Steel Ltd. Versus Commissioner of Income Tax Delhi</h3> The SC of India granted leave and expedited the hearing in the case of SLP (civil) Nos. 18572 of 2018 and 18575 of 2018. The court allowed the existing ... Nature of receipts - Amount received by way of exemption of sales tax payments - trading receipt OR capital receipt hence not liable to tax? - As decided by HC [2017 (7) TMI 501 - DELHI HIGH COURT] subsidy was revenue in nature - Depreciation claim by lessee is allowed HELD THAT:- Leave granted. Hearing expedited. Stay to continue. SUPREME COURT OF INDIA Citation: 2018 (8) TMI 2138 - SC Order Leave granted. Hearing expedited. 'Stay to continue.' De-tag: SLP (Civil) Nos. 18572 of 2018 and 18575 of 2018. The Court, on an expedited hearing, granted leave and maintained the interim stay previously in place. The matter was directed to be de-tagged and proceeded as two separate Special Leave Petitions identified above. Procedural reliefs focus on preservation of status quo during pendency and acceleration of adjudication by prioritizing hearing.
TaxTMI 
TaxTMI 
