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...
First appellate authorities must examine assessment issues and decide appeal grounds through a reasoned, speaking order even when the appellant is absent; statutory appeals should not ordinarily be dismissed solely for non-prosecution without merits adjudication. In reassessment concerning unexplained cash deposits, contemporaneous material plausibly explaining non-representation required an effective opportunity to substantiate the depositor's explanation. The appellate order was set aside and the reassessment dispute remanded to the Assessing Officer for fresh adjudication after reasonable and effective hearing, subject to the assessee's cooperation and production of supporting evidence.
First appellate authorities must examine assessment issues and decide appeal grounds through a reasoned, speaking order even when the appellant is absent; statutory appeals should not ordinarily be dismissed solely for non-prosecution without merits adjudication. In reassessment concerning unexplained cash deposits, contemporaneous material plausibly explaining non-representation required an effective opportunity to substantiate the depositor's explanation. The appellate order was set aside and the reassessment dispute remanded to the Assessing Officer for fresh adjudication after reasonable and effective hearing, subject to the assessee's cooperation and production of supporting evidence.
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