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...
GST regularisation on an "as is" or "as is, where is" basis accepts, as full discharge of liability for the regularised period, tax paid at the lower competing rate or nil rate claimed under a genuinely doubtful exemption entry and declared in returns. Taxpayers who paid a higher rate are not entitled to a refund. The regularisation applies where competing rate entries or divergent interpretations caused genuine doubt; it does not protect cases where no tax was paid when the dispute concerned only competing positive rates. In those cases, tax at the clarified applicable rate remains recoverable.
GST regularisation on an "as is" or "as is, where is" basis accepts, as full discharge of liability for the regularised period, tax paid at the lower competing rate or nil rate claimed under a genuinely doubtful exemption entry and declared in returns. Taxpayers who paid a higher rate are not entitled to a refund. The regularisation applies where competing rate entries or divergent interpretations caused genuine doubt; it does not protect cases where no tax was paid when the dispute concerned only competing positive rates. In those cases, tax at the clarified applicable rate remains recoverable.
Note: It is a system-generated summary and is for quick reference only.
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