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...
Proceedings u/s.144 - NFAC has noted the assessee’s continuous non-appearance in the lower appellate proceedings before rejecting his contentions vide ex-parte order under challenge - The ITAT observed that the NFAC's order did not address the substantive grounds raised by the assessee on merits, as mandated by section 250(6) of the Act. Consequently, the court deemed it appropriate to restore the appeal back to the NFAC for fresh adjudication, with a directive for a detailed discussion on the merits of the assessee's contentions.
Proceedings u/s.144 - NFAC has noted the assessee’s continuous non-appearance in the lower appellate proceedings before rejecting his contentions vide ex-parte order under challenge - The ITAT observed that the NFAC's order did not address the substantive grounds raised by the assessee on merits, as mandated by section 250(6) of the Act. Consequently, the court deemed it appropriate to restore the appeal back to the NFAC for fresh adjudication, with a directive for a detailed discussion on the merits of the assessee's contentions.
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