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 provisional release of the goods - Second hand Highly Specialised Equipment digital Multifunction Print, Copying & Scanning Machines - The High Court analyzed the foreign trade policy and related orders, finding that the imported MFDs fell within the restricted category. However, it acknowledged exemptions for highly specialized equipment. - The High Court noted the pending applications for provisional release of the goods and emphasized the need for authorities to take appropriate decisions in accordance with regulations. It directed the authorities to consider the applications and issued conditions for provisional release.
Seeking provisional release of the goods - Second hand Highly Specialised Equipment digital Multifunction Print, Copying & Scanning Machines - The High Court analyzed the foreign trade policy and related orders, finding that the imported MFDs fell within the restricted category. However, it acknowledged exemptions for highly specialized equipment. - The High Court noted the pending applications for provisional release of the goods and emphasized the need for authorities to take appropriate decisions in accordance with regulations. It directed the authorities to consider the applications and issued conditions for provisional release.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
