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 lifting of attachment of bank account - Given the factual situation and legal precedents, the garnishee order issued to Indian Oil Corporation Limited and the attachment of the appellant's bank account were deemed ineffective. The Court applied the principle established in previous cases and directed the concerned authority to lift both the garnishee order and the bank account attachment.
Seeking lifting of attachment of bank account - Given the factual situation and legal precedents, the garnishee order issued to Indian Oil Corporation Limited and the attachment of the appellant's bank account were deemed ineffective. The Court applied the principle established in previous cases and directed the concerned authority to lift both the garnishee order and the bank account attachment.
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