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...
Relaxation was sought for utilisation of SFIS scrips in relation to inbound tour operations, including extension of time, monetisation, use for IGST or BSD payment, or transfer to other eligible persons. The matter was disposed of by directing the respondents to consider the pending representations and take a decision within two months. Status quo on the validity of the SFIS scrips was directed to be maintained for three months.
Relaxation was sought for utilisation of SFIS scrips in relation to inbound tour operations, including extension of time, monetisation, use for IGST or BSD payment, or transfer to other eligible persons. The matter was disposed of by directing the respondents to consider the pending representations and take a decision within two months. Status quo on the validity of the SFIS scrips was directed to be maintained for three months.
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