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...
The court granted bail to the accused in a case involving clandestine supply of branded TMT bars and evasion of GST. The prosecution's case was based solely on the statement of Rippan Kansal, with no incriminating evidence found during the search and inspection of the applicant's premises. The court considered the reliability of the statement and observed that the alleged offense is punishable with a maximum imprisonment of five years. Given the applicant's prolonged incarceration since 20.6.2024 without trial commencement, the court opined that the applicant made out a case for bail. The bail application was allowed, subject to fulfillment of conditions imposed by the court.
The court granted bail to the accused in a case involving clandestine supply of branded TMT bars and evasion of GST. The prosecution's case was based solely on the statement of Rippan Kansal, with no incriminating evidence found during the search and inspection of the applicant's premises. The court considered the reliability of the statement and observed that the alleged offense is punishable with a maximum imprisonment of five years. Given the applicant's prolonged incarceration since 20.6.2024 without trial commencement, the court opined that the applicant made out a case for bail. The bail application was allowed, subject to fulfillment of conditions imposed by the court.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
