Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Depreciation on non-compete fee was treated as a consequential effect of an earlier appellate order, and the Revenue's objection was rejected because the Commissioner (Appeals) only directed implementation of that prior decision. Cost of production of TV serials and programmes was allowed as revenue expenditure on the basis of consistency, as the issue had already been decided in the assessee's favour for an earlier year and no contrary higher-court order was shown. Subscription revenue recognition was remanded because the dispute turned on verification of actual and real income, not merely the choice between mercantile and cash accounting; the Assessing Officer must examine the factual correctness of the estimated and actual figures.
Depreciation on non-compete fee was treated as a consequential effect of an earlier appellate order, and the Revenue's objection was rejected because the Commissioner (Appeals) only directed implementation of that prior decision. Cost of production of TV serials and programmes was allowed as revenue expenditure on the basis of consistency, as the issue had already been decided in the assessee's favour for an earlier year and no contrary higher-court order was shown. Subscription revenue recognition was remanded because the dispute turned on verification of actual and real income, not merely the choice between mercantile and cash accounting; the Assessing Officer must examine the factual correctness of the estimated and actual figures.
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