Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
Statutory time bar in assessment law prevented reopening where no fresh assessment was passed within the period prescribed, and after an almost nine year lapse by Revenue following an ITAT order the HC held the assessment time barred and directed release of seized jewellery to the petitioner within six weeks. An intervenor's application seeking return of Stridhan was dismissed for lack of locus in this petition; the intervenor was permitted to pursue independent proceedings for any proprietary claim against the petitioner.
Statutory time bar in assessment law prevented reopening where no fresh assessment was passed within the period prescribed, and after an almost nine year lapse by Revenue following an ITAT order the HC held the assessment time barred and directed release of seized jewellery to the petitioner within six weeks. An intervenor's application seeking return of Stridhan was dismissed for lack of locus in this petition; the intervenor was permitted to pursue independent proceedings for any proprietary claim against the petitioner.
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