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...
Offences punishable u/s 276C(1) & 277 - jewellery found during search - adjudication proceedings and criminal prosecution are inter-dependend or not - The High Court concluded that adjudication proceedings and criminal prosecution deemed independent by Supreme Court - The petition to quash proceedings dismissed, as adjudication proceedings and criminal prosecution can proceed independently.
Offences punishable u/s 276C(1) & 277 - jewellery found during search - adjudication proceedings and criminal prosecution are inter-dependend or not - The High Court concluded that adjudication proceedings and criminal prosecution deemed independent by Supreme Court - The petition to quash proceedings dismissed, as adjudication proceedings and criminal prosecution can proceed independently.
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