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...
Requirement to submit the BIS certificate license for assessment of the Bill of Entries - goods being Hexane imported by the petitioners - In view of subsequent to a notification from the Directorate General of Foreign Trade (DGFT) removing the requirement for mandatory BIS certification, the High Court declared the petitions moot. The bonds furnished by the petitioners were ordered to be released, and the Bill of Entries was to be finally assessed without insisting on the BIS Certificate.
Requirement to submit the BIS certificate license for assessment of the Bill of Entries - goods being Hexane imported by the petitioners - In view of subsequent to a notification from the Directorate General of Foreign Trade (DGFT) removing the requirement for mandatory BIS certification, the High Court declared the petitions moot. The bonds furnished by the petitioners were ordered to be released, and the Bill of Entries was to be finally assessed without insisting on the BIS Certificate.
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