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...
HC addressed provisional release of seized goods involving classification dispute between HSN entries 82.07 and 73.04 for self-drilling bars. While noting statutory appellate remedies should typically be exhausted before seeking writ jurisdiction, court considered prolonged seizure duration and regular import status. Given goods' detention since May 2024 and six-month petition pendency, HC ordered release under bond with 30% differential duty as bank guarantee, departing from standard 70-80% requirement. Decision balanced procedural requirements with commercial practicality, allowing expedited resolution while maintaining adequate security for customs authority pending final classification determination.
HC addressed provisional release of seized goods involving classification dispute between HSN entries 82.07 and 73.04 for self-drilling bars. While noting statutory appellate remedies should typically be exhausted before seeking writ jurisdiction, court considered prolonged seizure duration and regular import status. Given goods' detention since May 2024 and six-month petition pendency, HC ordered release under bond with 30% differential duty as bank guarantee, departing from standard 70-80% requirement. Decision balanced procedural requirements with commercial practicality, allowing expedited resolution while maintaining adequate security for customs authority pending final classification determination.
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