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...
A concession-based statement in Amba Lal was treated as non-binding because the Supreme Court had not independently decided the legal issue, so it could not govern the appellant's claim for release of imported goods for home consumption. The Tribunal then applied the principle that a beneficial amending notification operates retrospectively: although confiscation and penalty were justified when the goods were prohibited, the later notification changed their status to restricted before the order was passed. Redemption should therefore have been allowed for home consumption, subject to payment of enhanced value, duty and interest, rather than confining the goods to re-export.
A concession-based statement in Amba Lal was treated as non-binding because the Supreme Court had not independently decided the legal issue, so it could not govern the appellant's claim for release of imported goods for home consumption. The Tribunal then applied the principle that a beneficial amending notification operates retrospectively: although confiscation and penalty were justified when the goods were prohibited, the later notification changed their status to restricted before the order was passed. Redemption should therefore have been allowed for home consumption, subject to payment of enhanced value, duty and interest, rather than confining the goods to re-export.
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