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...
Penalty u/s 271(1)(c) – The assessee has not carried out any business activity during the year under consideration and on the contrary claiming huge expenditure showing loss in its books of accounts - levy of penalty confirmed - AT
Penalty u/s 271(1)(c) – The assessee has not carried out any business activity during the year under consideration and on the contrary claiming huge expenditure showing loss in its books of accounts - levy of penalty confirmed - AT
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