Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Criminal proceedings for alleged non-payment of TDS were found unsustainable once the state recovered tax, interest and statutory compounding fees: the court reasoned that public interest in prosecution evaporates when the exchequer is fully satisfied and therefore quashed the proceedings. The issuance of a warrant against a deceased accused was declared a nullity for want of application of mind, and related property attachment orders were vacated. The court held that acceptance of compounding during pendency settles the fiscal offence and that reviving trial thereafter-particularly against deceased persons-amounts to abuse of process and violates the right to a speedy trial under Article 21; relief was granted accordingly.
Criminal proceedings for alleged non-payment of TDS were found unsustainable once the state recovered tax, interest and statutory compounding fees: the court reasoned that public interest in prosecution evaporates when the exchequer is fully satisfied and therefore quashed the proceedings. The issuance of a warrant against a deceased accused was declared a nullity for want of application of mind, and related property attachment orders were vacated. The court held that acceptance of compounding during pendency settles the fiscal offence and that reviving trial thereafter-particularly against deceased persons-amounts to abuse of process and violates the right to a speedy trial under Article 21; relief was granted accordingly.
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