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...
Timely pronouncement of reserved judgments required release of an indirect-tax writ petition after the Bench could not adhere to stipulated timelines. Applying the principle concerning prompt delivery of reserved decisions, the matter was placed before the regular Bench hearing indirect-tax writ petitions. Interim status quo was directed to continue for four weeks, preserving the parties' existing position pending further hearing.
Timely pronouncement of reserved judgments required release of an indirect-tax writ petition after the Bench could not adhere to stipulated timelines. Applying the principle concerning prompt delivery of reserved decisions, the matter was placed before the regular Bench hearing indirect-tax writ petitions. Interim status quo was directed to continue for four weeks, preserving the parties' existing position pending further hearing.
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