Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
A Tribunal upheld confirmation of provisional attachment under proceeds-of-crime law after finding a direct nexus between the properties and criminal activity. It held that the FIR was not exhaustive of the entire crime period and that investigation could validly establish a wider period from 2010 to 2020, rejecting the objection based on the narrower period initially stated in the FIR. The Tribunal also accepted statements showing that funds were provided by the mother for purchase of land and construction of flats, found no proof of an independent source, and treated unexplained cash deposits as further support for the attachment. The challenge to the source of acquisition therefore failed.
A Tribunal upheld confirmation of provisional attachment under proceeds-of-crime law after finding a direct nexus between the properties and criminal activity. It held that the FIR was not exhaustive of the entire crime period and that investigation could validly establish a wider period from 2010 to 2020, rejecting the objection based on the narrower period initially stated in the FIR. The Tribunal also accepted statements showing that funds were provided by the mother for purchase of land and construction of flats, found no proof of an independent source, and treated unexplained cash deposits as further support for the attachment. The challenge to the source of acquisition therefore failed.
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