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...
Addition u/s 68 - Bogus LTCG - penny stock purchases - list of beneficiaries submitted by the brokers/entry providers before the investigation wing substantiates that the assessee is one of the beneficiary - AO explained the entire working of the flow of conversion of black money into white using LTCG tax exemption in a circular pattern and back to him - exempt u/s 10(38) denied and entire sale consideration is taxable u/s 68
Addition u/s 68 - Bogus LTCG - penny stock purchases - list of beneficiaries submitted by the brokers/entry providers before the investigation wing substantiates that the assessee is one of the beneficiary - AO explained the entire working of the flow of conversion of black money into white using LTCG tax exemption in a circular pattern and back to him - exempt u/s 10(38) denied and entire sale consideration is taxable u/s 68
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