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...
Regular bail was granted in a customs smuggling investigation because the case rested chiefly on documentary material already in the custody of the DRI. The court noted that the applicant's statements had been recorded repeatedly, no incriminating material was found at his residence, and further custodial interrogation was unnecessary for confrontation with the documents. It also took into account the applicant's long custody, absence of antecedents, and regular income-tax compliance, holding that concerns about absconding or interference could be addressed by bail conditions. Continued detention was therefore found unwarranted.
Regular bail was granted in a customs smuggling investigation because the case rested chiefly on documentary material already in the custody of the DRI. The court noted that the applicant's statements had been recorded repeatedly, no incriminating material was found at his residence, and further custodial interrogation was unnecessary for confrontation with the documents. It also took into account the applicant's long custody, absence of antecedents, and regular income-tax compliance, holding that concerns about absconding or interference could be addressed by bail conditions. Continued detention was therefore found unwarranted.
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