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...
Suit for specific performance of agreement to sell agricultural land - plaintiff paid substantial earnest money but agreement seemingly executed on blank stamp paper without plaintiff's signatures on first two pages - agreement terms irrational as earnest money disproportionately high compared to balance sale consideration - plaintiff's conduct questionable in parting with huge sum without security - courts below erred in decreeing suit based on fraudulent agreement - appeal allowed, judgments set aside.
Suit for specific performance of agreement to sell agricultural land - plaintiff paid substantial earnest money but agreement seemingly executed on blank stamp paper without plaintiff's signatures on first two pages - agreement terms irrational as earnest money disproportionately high compared to balance sale consideration - plaintiff's conduct questionable in parting with huge sum without security - courts below erred in decreeing suit based on fraudulent agreement - appeal allowed, judgments set aside.
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