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...
Seeking grant of bail - availment of fake ITC - issuance of fake bills from seven firms managed by him and taking ITC through fake bills issued by fake firms created - The High Court held that, considering the gravity of the offence, so also, that petitioner has taken a fake Input Tax Credit (ITC) involving huge amount, the accused-petitioner is not enlarged on bail.
Seeking grant of bail - availment of fake ITC - issuance of fake bills from seven firms managed by him and taking ITC through fake bills issued by fake firms created - The High Court held that, considering the gravity of the offence, so also, that petitioner has taken a fake Input Tax Credit (ITC) involving huge amount, the accused-petitioner is not enlarged on bail.
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