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...
Penalty u/s 271(1)(c) - quantum addition upheld up to High Court - SLP admitted - Evidences and arguments placed by assessee shows that claim was made disclosing the complete facts in its return of income putting notes in the computation of total income, corroborating it with its balance sheet, supporting it with judicial precedents - mere rejection of the claim of the assessee cannot be invited with the penalty
Penalty u/s 271(1)(c) - quantum addition upheld up to High Court - SLP admitted - Evidences and arguments placed by assessee shows that claim was made disclosing the complete facts in its return of income putting notes in the computation of total income, corroborating it with its balance sheet, supporting it with judicial precedents - mere rejection of the claim of the assessee cannot be invited with the penalty
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