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...
Revocation of CHA License - a bonafide belief for the impugned goods to be assorted birthday candles simplicitor whereas as per CFSL report it is firework - the goods are such that a small part thereof contains such chemical as are required to manufacture fireworks, in view of the principle of common parlance same cannot be hold as fireworks - no reason appears for the cancellation of appellant’s CHA license
Revocation of CHA License - a bonafide belief for the impugned goods to be assorted birthday candles simplicitor whereas as per CFSL report it is firework - the goods are such that a small part thereof contains such chemical as are required to manufacture fireworks, in view of the principle of common parlance same cannot be hold as fireworks - no reason appears for the cancellation of appellant’s CHA license
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