Important Tax Decisions of Supreme Court

• Tax Laws : Important Decisions of Supreme Court

1. Wipro Finance Ltd. v. Commissioner of Income Tax (2022) GCtR 1976 (SC) has explained deduction of expenditure or loss in connection with certain transactions under S.37 of Income-tax Act, 1961.
2. Shriram Investments v. CIT [2024] GCtR 2569 (SC)
3. Goetze India Ltd v CIT [2006] GCtR 6135 (SC) has explained role and power of Assessing Officer under Income-tax Act, 1961 for claim of deduction. 
4. ACIT   vs.  Elecon   Engineering  Co. Ltd. [2010] GCtR 6137 (SC) : S.43A of Income-tax Act, 1961 has no application unless an asset was acquired and the liability existed, before the change in the rate of exchange.
5. Vodafone International Holdings B.V. v. Union of India [2012] GCtR 4369 (SC)
6. PCIT v. Jupiter Capital Pvt Ltd [2025] GCtR 119 (SC)
7. Kartikeya V. Sarabhai v. CIT [1997] GCtR 6136 (SC)
8. ITO v. Techspan India Pvt Ltd [2018] GCtR 6138 (SC) : The language of Section 147 of Income-tax Act, 1961 makes it clear that the assessing officer certainly has the power to re-assess any income which escaped assessment for any assessment year subject to the provisions of Sections 148 to 153.
9. CIT v. Kelvinator of India Ltd [2010] GCtR 5571 (SC) on scope of S.147 of Income-tax Act, 1961.