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...
The High Court addressed the restriction on the petitioner's claim for GST amounts due to the end of the agreement between the respondent and the renter. The court held that the agreement's termination does not negate the petitioner's claim. The court determined that the arbitral tribunal is the appropriate forum to decide the petitioner's entitlement under the assignment agreements. An interim order was granted, restraining the respondent from dealing with the Escrow Account pending arbitration proceedings u/s 17 of the Arbitration and Conciliation Act, 1996. Application allowed.
The High Court addressed the restriction on the petitioner's claim for GST amounts due to the end of the agreement between the respondent and the renter. The court held that the agreement's termination does not negate the petitioner's claim. The court determined that the arbitral tribunal is the appropriate forum to decide the petitioner's entitlement under the assignment agreements. An interim order was granted, restraining the respondent from dealing with the Escrow Account pending arbitration proceedings u/s 17 of the Arbitration and Conciliation Act, 1996. Application allowed.
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