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...
Territorial jurisdiction in export contract suits may arise where orders are accepted, goods are dispatched to a carrier, and payment is arranged through a bank, as these acts can constitute part performance and delivery to the buyer. Expiry of letters of credit does not by itself terminate the underlying sale contract where parties continue performance and sale proceeds are received. An unregistered partnership firm is barred from enforcing contractual rights through a counterclaim. A clearing and forwarding agent or letter-of-credit opening bank is not liable without evidence beyond its documentary or export-related role. Proven export expenses incurred on the seller's behalf may be reimbursed by reducing the money decree despite the counterclaim bar.
Territorial jurisdiction in export contract suits may arise where orders are accepted, goods are dispatched to a carrier, and payment is arranged through a bank, as these acts can constitute part performance and delivery to the buyer. Expiry of letters of credit does not by itself terminate the underlying sale contract where parties continue performance and sale proceeds are received. An unregistered partnership firm is barred from enforcing contractual rights through a counterclaim. A clearing and forwarding agent or letter-of-credit opening bank is not liable without evidence beyond its documentary or export-related role. Proven export expenses incurred on the seller's behalf may be reimbursed by reducing the money decree despite the counterclaim bar.
Note: It is a system-generated summary and is for quick reference only.
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