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...
Section 194H does not apply to stockists' trade margins where pharmaceutical supplies are on a principal-to-principal basis; the margin is ordinary resale profit, not commission, so no default under section 201 arises on that count. ESOP/ESBP perquisite taxation under section 17(2)(vi) arises only on exercise of the option and allotment or transfer of shares; withholding under section 192 cannot be triggered at grant or mere accounting recognition. Delayed payment interest to MSMEs, being compensation for late sale consideration and not interest on borrowed money or debt, falls outside section 194A; where the expenditure was voluntarily disallowed, a further section 201 default consequence was unsustainable.
Section 194H does not apply to stockists' trade margins where pharmaceutical supplies are on a principal-to-principal basis; the margin is ordinary resale profit, not commission, so no default under section 201 arises on that count. ESOP/ESBP perquisite taxation under section 17(2)(vi) arises only on exercise of the option and allotment or transfer of shares; withholding under section 192 cannot be triggered at grant or mere accounting recognition. Delayed payment interest to MSMEs, being compensation for late sale consideration and not interest on borrowed money or debt, falls outside section 194A; where the expenditure was voluntarily disallowed, a further section 201 default consequence was unsustainable.
Note: It is a system-generated summary and is for quick reference only.
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