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 granted relief in goods detention case, directing respondents to release detained conveyance and goods upon petitioner depositing 25% of goods value (Rs. 2,56,965) and furnishing bank guarantee for 75% (Rs. 7,70,895), along with executing a personal bond for remaining demand. The court's decision was based on petitioner's specific submissions and aligned with precedential judicial interpretation, effectively resolving the dispute by imposing conditional release mechanisms that balance statutory compliance and procedural fairness.
HC granted relief in goods detention case, directing respondents to release detained conveyance and goods upon petitioner depositing 25% of goods value (Rs. 2,56,965) and furnishing bank guarantee for 75% (Rs. 7,70,895), along with executing a personal bond for remaining demand. The court's decision was based on petitioner's specific submissions and aligned with precedential judicial interpretation, effectively resolving the dispute by imposing conditional release mechanisms that balance statutory compliance and procedural fairness.
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