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...
This case involves a challenge to a garnish order issued by tax authorities for recovering income tax and penalties. The High Court, considering the Supreme Court's order, disposed of the petition with directions to the revenue authorities. They must decide the application for waiver of pre-deposit and urgent hearing within one month, passing a reasoned order. Until then, no coercive action can be taken against the petitioner. Additionally, since the appeal is pending for over a year, the authorities must decide it expeditiously, preferably within three months, without further delay.
This case involves a challenge to a garnish order issued by tax authorities for recovering income tax and penalties. The High Court, considering the Supreme Court's order, disposed of the petition with directions to the revenue authorities. They must decide the application for waiver of pre-deposit and urgent hearing within one month, passing a reasoned order. Until then, no coercive action can be taken against the petitioner. Additionally, since the appeal is pending for over a year, the authorities must decide it expeditiously, preferably within three months, without further delay.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
