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...
Bogus sundry creditors - Whether CIT(A) had clearly violated the provisions of Rule 46A of the Income-tax Rules, 1962, while admitting additional evidence? - The High court noted that the assessee, being an illiterate person, could not appear before the Assessing Officer, and the CIT(A) rightly permitted the assessee to produce additional evidence in accordance with Rule 46A of the Income Tax Rules, 1962. The court emphasized that appellate proceedings are a continuation of assessment proceedings, and in this context, the CIT(A) acted correctly in allowing the assessee to produce the evidence.
Bogus sundry creditors - Whether CIT(A) had clearly violated the provisions of Rule 46A of the Income-tax Rules, 1962, while admitting additional evidence? - The High court noted that the assessee, being an illiterate person, could not appear before the Assessing Officer, and the CIT(A) rightly permitted the assessee to produce additional evidence in accordance with Rule 46A of the Income Tax Rules, 1962. The court emphasized that appellate proceedings are a continuation of assessment proceedings, and in this context, the CIT(A) acted correctly in allowing the assessee to produce the evidence.
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