Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Money Laundering - Scheduled offences - whether the Non-Bailable Warrants (NBW) issued against the petitioner are liable to be quashed? - The High Court affirmed the trial court's decision to issue NBWs against the petitioner, citing repeated non-compliance with court summons and a deliberate avoidance of legal proceedings. The Court underscored that the issuance of NBWs was a measured response to ensure the petitioner's court appearance, given the lack of cooperation and evasion from the judicial process. - The judgment reaffirms the principle that while courts must safeguard personal liberty, they must also ensure that such liberty does not undermine the legal process or obstruct justice.
Money Laundering - Scheduled offences - whether the Non-Bailable Warrants (NBW) issued against the petitioner are liable to be quashed? - The High Court affirmed the trial court's decision to issue NBWs against the petitioner, citing repeated non-compliance with court summons and a deliberate avoidance of legal proceedings. The Court underscored that the issuance of NBWs was a measured response to ensure the petitioner's court appearance, given the lack of cooperation and evasion from the judicial process. - The judgment reaffirms the principle that while courts must safeguard personal liberty, they must also ensure that such liberty does not undermine the legal process or obstruct justice.
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