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...
HC dismissed the petition challenging Policy Circular No. 06/2018 and subsequent Show Cause Notice as premature. The court held that the Show Cause Notice was a consequential proceeding related to an original order by DGFT, and therefore, premature judicial intervention was unwarranted. No interim relief was granted, and the petition was dismissed in limine, leaving the petitioner free to challenge the original DGFT order through appropriate legal channels.
HC dismissed the petition challenging Policy Circular No. 06/2018 and subsequent Show Cause Notice as premature. The court held that the Show Cause Notice was a consequential proceeding related to an original order by DGFT, and therefore, premature judicial intervention was unwarranted. No interim relief was granted, and the petition was dismissed in limine, leaving the petitioner free to challenge the original DGFT order through appropriate legal channels.
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