Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Interest income on non-performing assets was treated as taxable where the taxpayer both accrued interest and made substantial fresh advances to the same borrowers; the court held that such conduct negates a claim that accrued interest was merely notional and uncollectible, and therefore supports taxation. The writ was held non-maintainable because an effective statutory appellate remedy existed and was not timely availed, so the High Court refused to substitute writ jurisdiction for the lapsed appeal. The tribunal's fact-driven distinction between loan categories based on borrower conduct and fresh advances was upheld, favouring revenue on the merits.
Interest income on non-performing assets was treated as taxable where the taxpayer both accrued interest and made substantial fresh advances to the same borrowers; the court held that such conduct negates a claim that accrued interest was merely notional and uncollectible, and therefore supports taxation. The writ was held non-maintainable because an effective statutory appellate remedy existed and was not timely availed, so the High Court refused to substitute writ jurisdiction for the lapsed appeal. The tribunal's fact-driven distinction between loan categories based on borrower conduct and fresh advances was upheld, favouring revenue on the merits.
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