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...
Insolvency and BankruptcyAugust 29, 2023Case LawsAT
CIRP - Bona fide Home Buyers’ of the Villa - This ‘Tribunal’, keeping in mind of the surrounding facts and circumstances of the instant case, on a careful consideration of respective contentions, advanced on either side, without ‘haziness’, comes to a resultant conclusion, that ‘to and in favour’ of the ‘Appellants / Petitioners’, ‘No Security Interest’, is created, especially, the admitted fact being, ‘no Registered Sale Deed’, was ‘executed’, and as such, ‘no relief(s)’, can be granted to the ‘Appellants / Petitioners’. - AT
CIRP - Bona fide Home Buyers’ of the Villa - This ‘Tribunal’, keeping in mind of the surrounding facts and circumstances of the instant case, on a careful consideration of respective contentions, advanced on either side, without ‘haziness’, comes to a resultant conclusion, that ‘to and in favour’ of the ‘Appellants / Petitioners’, ‘No Security Interest’, is created, especially, the admitted fact being, ‘no Registered Sale Deed’, was ‘executed’, and as such, ‘no relief(s)’, can be granted to the ‘Appellants / Petitioners’. - AT
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