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...
Scheduled Tribe income exemption applies only where the taxpayer establishes income from a valid, bona fide source within the statutory conditions. Cash deposits treated as unexplained money do not become exempt solely because the taxpayer is a Scheduled Tribe member residing in a specified State. Bank statements, without books of account or other evidence establishing the source, are insufficient to prove the character of deposits. Consequently, additions for unexplained cash deposits remain taxable and the claimed exemption is unavailable.
Scheduled Tribe income exemption applies only where the taxpayer establishes income from a valid, bona fide source within the statutory conditions. Cash deposits treated as unexplained money do not become exempt solely because the taxpayer is a Scheduled Tribe member residing in a specified State. Bank statements, without books of account or other evidence establishing the source, are insufficient to prove the character of deposits. Consequently, additions for unexplained cash deposits remain taxable and the claimed exemption is unavailable.
Note: It is a system-generated summary and is for quick reference only.
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