Maharajadhiraja Madhav Rao Jiwaji Rao Scindia v Union Of India (the privileges and allowances granted to the former rulers of India were not absolute and could be revised or discontinued)

Maharajadhiraja Madhav Rao Jiwaji Rao Scindia v Union Of India (the privileges and allowances granted to the former rulers of India were not absolute and could be revised or discontinued)

Case Maharajadhiraja Madhav Rao Jiwaji Rao Scindia v Union Of India Bench The Maharajadhiraja Madhav Rao Jiwaji Rao Scindia v Union Of India landmark judgement was decided by a Constitution Bench of the Supreme Court of India. The bench consisted of the following judges:  Parties Petitioner -: Maharajadhiraja Madhav Rao Jiwaji Read more

Supreme Court ruling states that providing corporate guarantees on behalf of group companies without payment is not taxable.

Supreme Court ruling states that providing corporate guarantees on behalf of group companies without payment is not taxable.

According to the Supreme Court, providing group corporations with corporate guarantees without payment is not a taxable service. As there is no consideration involved, no service tax will be imposed on the corporate guarantees provided by a parent firm to its subsidiaries, according to the division bench of Justices Hrishikesh Read more