Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
Ambulance-based emergency medical services were treated as a professional service, not a mere carriage or works contract, because the ambulances were specially equipped and staffed to provide treatment and monitoring during the critical initial period; tax was therefore deductible under section 194J, and the plea based on acceptance of section 194C treatment in an earlier year failed because each assessment year is separate and res judicata or estoppel does not apply in income-tax proceedings. The classifications for the HLL and FSMS contracts were set aside because the contractual terms and the assessee's submissions were not properly examined, requiring fresh consideration by the Assessing Officer.
Ambulance-based emergency medical services were treated as a professional service, not a mere carriage or works contract, because the ambulances were specially equipped and staffed to provide treatment and monitoring during the critical initial period; tax was therefore deductible under section 194J, and the plea based on acceptance of section 194C treatment in an earlier year failed because each assessment year is separate and res judicata or estoppel does not apply in income-tax proceedings. The classifications for the HLL and FSMS contracts were set aside because the contractual terms and the assessee's submissions were not properly examined, requiring fresh consideration by the Assessing Officer.
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