Business expenditure and depreciation rules allow operational outgoings while limiting disallowances for personal elements and unsupported third-party...
Compromise-and-arrangement extensions may accommodate debt assignment where creditor commercial judgment supports value maximisation and avoids proced...
Delayed-payment surcharge is not taxable tolerance consideration where it penalises default, while meter testing follows electricity distribution trea...
Sufficient cause for delayed revenue income-tax appeals requires bona fides, due diligence and a credible explanation; otherwise limitation bars appea...
Inverted-duty-structure refunds remain available for unchanged-rate apparel supplies despite trader status and require tax-period-specific computation...
Bail conditions requiring a security bond equivalent to alleged tax and penalty liability may be modified where the accused stands on the same footing as a co-accused whose condition was found onerous and vague. Disclosed family assets, supported by affidavit, may constitute security instead of the stipulated bond. The impugned security-bond requirement was not to be enforced, and the declared family assets were treated as security for the alleged dues.
Bail conditions requiring a security bond equivalent to alleged tax and penalty liability may be modified where the accused stands on the same footing as a co-accused whose condition was found onerous and vague. Disclosed family assets, supported by affidavit, may constitute security instead of the stipulated bond. The impugned security-bond requirement was not to be enforced, and the declared family assets were treated as security for the alleged dues.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4888 
