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...
Exemption with respect to Services provided by Government or a local authority to a business entity with a turnover up to rupees ten lakh in the preceding financial year is restricted and shall not available in case of renting of immovable property, speed post, express parcel post, life insurance and agency services, transport of goods or passengers and services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport.
Exemption with respect to Services provided by Government or a local authority to a business entity with a turnover up to rupees ten lakh in the preceding financial year is restricted and shall not available in case of renting of immovable property, speed post, express parcel post, life insurance and agency services, transport of goods or passengers and services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport.
Note: It is a system-generated summary and is for quick reference only.
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