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    Bogus purchase disallowance limited to embedded profit where sales and books remain accepted; reassessment procedure upheld.
    Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
    Sole testamentary trusts fall outside maximum marginal rate taxation despite assessment as an association of persons.
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      Money Laundering

      Money Laundering - issuance of production warrant - In the...

      High Court Dismisses Petitioner's Attempts to Block Enforcement Directorate's Production Warrant in Money Laundering Case.

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      Money LaunderingMarch 7, 2023Case LawsHC
      Money Laundering - issuance of production warrant - In the instant case, it is found from the pleadings and the relief sought for by the petitioner that the petitioner has been trying to obstruct the process of the Court. This is not the only instance. The petitioner repeatedly filed series of applications to resist the Enforcement Directorate from executing production warrant issued against him - revision petition dismissed - HC

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      ActsIncome Tax