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 held that while the State's tax exemption policy amendment under GST regime was valid, the arbitrary non-consideration of petitioners' extension applications compared to other similarly situated industries violated Article 14. The court directed respondent authorities to reconsider petitioners' claims within 60 days using identical evaluation criteria applied to other units. The doctrine of promissory estoppel was not applicable given public policy considerations and legal regime changes. Petitioners' claims for full tax exemption were rejected, but they were granted an opportunity for fair administrative review of their extension applications.
HC held that while the State's tax exemption policy amendment under GST regime was valid, the arbitrary non-consideration of petitioners' extension applications compared to other similarly situated industries violated Article 14. The court directed respondent authorities to reconsider petitioners' claims within 60 days using identical evaluation criteria applied to other units. The doctrine of promissory estoppel was not applicable given public policy considerations and legal regime changes. Petitioners' claims for full tax exemption were rejected, but they were granted an opportunity for fair administrative review of their extension applications.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4784
Join Channel
TaxTMI 
