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 reviewed a case involving a violation of natural justice principles by a Commercial Taxes Officer. The initial order lacked verification of sales transactions and failed to provide a fair hearing to the assessee. Referring to a Supreme Court case, the Court emphasized the importance of cross-examination for credibility. The Assessing Authority did not verify the correctness of the petitioner's response, leading to an unsustainable conclusion. The Tax Board erred in not considering the legal infirmity of the Assessing Authority's decision. The Tax Board's interpretation of an abbreviation without supporting evidence was deemed unacceptable. The imposition of tax and penalty was based on flawed assumptions, leading to the Court setting aside the Tax Board's decision and affirming the Appellate Authority's order.
The High Court reviewed a case involving a violation of natural justice principles by a Commercial Taxes Officer. The initial order lacked verification of sales transactions and failed to provide a fair hearing to the assessee. Referring to a Supreme Court case, the Court emphasized the importance of cross-examination for credibility. The Assessing Authority did not verify the correctness of the petitioner's response, leading to an unsustainable conclusion. The Tax Board erred in not considering the legal infirmity of the Assessing Authority's decision. The Tax Board's interpretation of an abbreviation without supporting evidence was deemed unacceptable. The imposition of tax and penalty was based on flawed assumptions, leading to the Court setting aside the Tax Board's decision and affirming the Appellate Authority's order.
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