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...
The High Court allowed the compounding of the offence u/s 147 of the Act in a case involving the dishonour of a cheque. The petitioner-accused had already paid compensation to the complainant, meeting the requirements set by the court. Following guidelines from a Supreme Court case, the court accepted the application for compounding, quashed the judgments of conviction and sentence, and acquitted the accused of the offence u/s 138 of the Act. Application was allowed.
The High Court allowed the compounding of the offence u/s 147 of the Act in a case involving the dishonour of a cheque. The petitioner-accused had already paid compensation to the complainant, meeting the requirements set by the court. Following guidelines from a Supreme Court case, the court accepted the application for compounding, quashed the judgments of conviction and sentence, and acquitted the accused of the offence u/s 138 of the Act. Application was allowed.
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