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...
Cancellation of GST registration of the petitioner t shall operate from January 28, 2019, the date when the petitioner allegedly ceased business operations - Retrospective cancellation requires objective criteria and cannot be applied merely for non-filing of returns. It acknowledged the petitioner's commitment to file all pending statutory returns and to discharge any liabilities related to tax, interest, and late fees. The respondents are not barred from pursuing recovery of any dues from the petitioner in accordance with the law. - HC
Cancellation of GST registration of the petitioner t shall operate from January 28, 2019, the date when the petitioner allegedly ceased business operations - Retrospective cancellation requires objective criteria and cannot be applied merely for non-filing of returns. It acknowledged the petitioner's commitment to file all pending statutory returns and to discharge any liabilities related to tax, interest, and late fees. The respondents are not barred from pursuing recovery of any dues from the petitioner in accordance with the law. - HC
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