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...
Maintainability of the writ petition in HC - Validity of reassessment order passed - The petitioner raised concerns about procedural irregularities, including the lack of sufficient time for response and the initiation of multiple proceedings for the same period and issue. The High court considered the maintainability of the writ petition, emphasizing the importance of adhering to statutory remedies and precedents regarding writ jurisdiction. Ultimately, the court dismissed the petition, highlighting the availability of alternative remedies under the Income Tax Act, 1961, and refrained from making observations on the merits of the case.
Maintainability of the writ petition in HC - Validity of reassessment order passed - The petitioner raised concerns about procedural irregularities, including the lack of sufficient time for response and the initiation of multiple proceedings for the same period and issue. The High court considered the maintainability of the writ petition, emphasizing the importance of adhering to statutory remedies and precedents regarding writ jurisdiction. Ultimately, the court dismissed the petition, highlighting the availability of alternative remedies under the Income Tax Act, 1961, and refrained from making observations on the merits of the case.
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