Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Regular bail was granted in an economic offence involving alleged fraudulent availment of input tax credit under the CGST Act because the prosecution's case rested mainly on documentary material already in its possession. The investigation was found to be substantially complete, and no further custodial interrogation was shown to be necessary. The court also noted that the alleged offence carried a maximum punishment of five years, was compoundable, and that no specific risk of tampering with evidence or influencing witnesses was demonstrated, especially where the evidence was largely documentary. Bail was therefore allowed on bond and surety terms.
Regular bail was granted in an economic offence involving alleged fraudulent availment of input tax credit under the CGST Act because the prosecution's case rested mainly on documentary material already in its possession. The investigation was found to be substantially complete, and no further custodial interrogation was shown to be necessary. The court also noted that the alleged offence carried a maximum punishment of five years, was compoundable, and that no specific risk of tampering with evidence or influencing witnesses was demonstrated, especially where the evidence was largely documentary. Bail was therefore allowed on bond and surety terms.
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