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...
HC set aside the appellate authority's order dated 11th December, 2023 rejecting the petitioner's refund application. The court remanded the matter for fresh hearing, directing the appellate authority to conduct a de novo review within three weeks, assign a different officer, and provide the petitioner an opportunity to be heard. If the refund is found valid, the entire amount must be credited to the petitioner's ledger with appropriate statutory interest. The court criticized the respondents' procedural approach, highlighting the petitioner's registration restoration and subsequent refund claim's unjust rejection.
HC set aside the appellate authority's order dated 11th December, 2023 rejecting the petitioner's refund application. The court remanded the matter for fresh hearing, directing the appellate authority to conduct a de novo review within three weeks, assign a different officer, and provide the petitioner an opportunity to be heard. If the refund is found valid, the entire amount must be credited to the petitioner's ledger with appropriate statutory interest. The court criticized the respondents' procedural approach, highlighting the petitioner's registration restoration and subsequent refund claim's unjust rejection.
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