Income Tax
![Benefit enjoyed by bank staff in form of interest free loans taxable as perquisites: SC [Read Judgment]](/secure/uploads/2024/05/lj_1555_4fe2c0bd-76e8-44dd-b622-56c366991e0a.webp)
Supreme Court rules bank staff's interest-free loans taxable as perquisites under Income Tax Act, upholding validity of Section 17(2)(viii).
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Judiciary
I-T authorities not to take coercive action against Congress on Tax demand, SC told
Income Tax authorities inform Supreme Court they won't take coercive action against Congress for Rs 3,500 Cr tax demand till July due to elections.
![TDS not to be deducted by Tele cos for selling discounted pre-paid SIM cards to distributors: SC [Read Judgment]](/secure/uploads/2024/02/lj_5756_e3a03d41-92f8-4529-8c9c-df21f516bf5d.webp)
Business
TDS not to be deducted by Tele cos for selling discounted pre-paid SIM cards to distributors: SC [Read Judgment]
SC rules telecoms like Bharti Airtel not liable for TDS on discounted SIM sales to distributors, overturning prior high court judgments.
Judiciary
Karnataka HC dismisses plea by Kerala CM daughter’s company against SFIO investigation
The Karnataka High Court on Friday dismissed a petition filed by Kerala CM’s daughter’s company - Exalogic Solutions Pvt. Ltd.
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Indian Courts this Week: Law Street Journal's Weekly Round-Up of SC & HCs [May 6 - May 10]
Get the latest updates from India's Supreme Court and the High Courts ! Here’s a round up of the week's top legal stories in a quick, easy-to-read summary.
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Supreme Court to hear on May 17 plea by ADR on release of voters turnout data
SC to hear plea on May 17 by ADR for immediate release of detailed voter turnout data after each polling phase.
13 May, 2024 01:57 PM
SC dismisses Union govt's plea against bail to Maoist financer in case of attack on police party in Jharkhand [Read Judgment]
SC rejects govt's plea against bail for accused in Jharkhand police attack case, citing absence of violated bail conditions.
13 May, 2024 11:33 AM