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 exercised its discretionary jurisdiction to condone delay in filing the appeal, finding the petitioner's reasons for delay bona fide, and thus set aside both the impugned assessment order issued by the first respondent and the rejection of the appeal by the second respondent. The Court granted the petitioner one opportunity to prosecute the appeal before the Appellate Authority subject to conditions: the petitioner must remit an additional 5% of the disputed tax in supplement to the 10% pre-deposit already paid at the time of filing, and such further deposit must be made within two weeks of receipt of this order. The writ petition is disposed of accordingly.
The HC exercised its discretionary jurisdiction to condone delay in filing the appeal, finding the petitioner's reasons for delay bona fide, and thus set aside both the impugned assessment order issued by the first respondent and the rejection of the appeal by the second respondent. The Court granted the petitioner one opportunity to prosecute the appeal before the Appellate Authority subject to conditions: the petitioner must remit an additional 5% of the disputed tax in supplement to the 10% pre-deposit already paid at the time of filing, and such further deposit must be made within two weeks of receipt of this order. The writ petition is disposed of accordingly.
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