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 HC addressed systemic delays in appeals at the National Faceless Appeal Centre (NFAC), acknowledging the significant backlog of pending statutory appeals. While recognizing the need for expeditious resolution, the court refrained from issuing specific directives. The HC expressed confidence that NFAC would implement internal remedial measures to accelerate appeal disposals. Ultimately, the petition was disposed of without mandating explicit procedural interventions, leaving NFAC to independently address its administrative challenges and reduce pendency through its own strategic mechanisms.
The HC addressed systemic delays in appeals at the National Faceless Appeal Centre (NFAC), acknowledging the significant backlog of pending statutory appeals. While recognizing the need for expeditious resolution, the court refrained from issuing specific directives. The HC expressed confidence that NFAC would implement internal remedial measures to accelerate appeal disposals. Ultimately, the petition was disposed of without mandating explicit procedural interventions, leaving NFAC to independently address its administrative challenges and reduce pendency through its own strategic mechanisms.
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