Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
Allegations concern whether a supplier passed the benefit of input tax credit to purchasers by reducing prices; this requires verification of documentary evidence and calculation of the claimed Rs.173 per buyer and alleged Rs.32.78 per sq ft profiteering. Limitation objections under sections governing recovery of tax were raised by the respondent and must be examined against the investigative record. The Appellate Tribunal directed re investigation by the DGAP under the procedural rule for further factual and accounting scrutiny to determine if a commensurate price reduction was effected and whether statutory time limit defenses bar recovery.
Allegations concern whether a supplier passed the benefit of input tax credit to purchasers by reducing prices; this requires verification of documentary evidence and calculation of the claimed Rs.173 per buyer and alleged Rs.32.78 per sq ft profiteering. Limitation objections under sections governing recovery of tax were raised by the respondent and must be examined against the investigative record. The Appellate Tribunal directed re investigation by the DGAP under the procedural rule for further factual and accounting scrutiny to determine if a commensurate price reduction was effected and whether statutory time limit defenses bar recovery.
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