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...
Seeking grant of anticipatory bail - After considering arguments from both sides and examining the materials on record, the court finds that the petitioner's apprehension of being taken into custody upon appearance is not reasonable. Additionally, the court holds that the application under Section 438 of Cr.P.C. cannot be entertained at a stage when only a summons has been issued under Section 70 of the O.G.S.T. Act.
Seeking grant of anticipatory bail - After considering arguments from both sides and examining the materials on record, the court finds that the petitioner's apprehension of being taken into custody upon appearance is not reasonable. Additionally, the court holds that the application under Section 438 of Cr.P.C. cannot be entertained at a stage when only a summons has been issued under Section 70 of the O.G.S.T. Act.
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