For a unit in a notified area, the sole disqualifying condition for deduction under clause (a)(ii) of section 80-IC(2) is the manufacture of items in the Thirteenth Schedule. The presence of items in ... Read more..

Rule 6E must be interpreted purposively to avoid double taxation, and the reversal of a provision that was disallowed in an earlier year should be allowed when reversed, regardless of the gap year. ... Read more..

Suspicion cannot override credible documentary evidence, and in the absence of any material to prove the assessees direct involvement in price rigging or routing of unaccounted money, the addition mad ... Read more..

Where assessee had pre-deposited 10% of the disputed tax and fulfilled all the formalities to sustain the appeal, the case was remitted back to the authorities for reconsideration, subject to depositi ... Read more..

Where the adjudication order was passed without affording any opportunity of personal hearing to assessee and assessee was ready to pay 25% of the disputed tax for granting of one opportunity to prese ... Read more..

Where assessee was involved in the activities of availing fraudulent Input Tax Credit, it was found to be in the interest of justice to relegate him to the statutory appellate remedy available under t ... Read more..

Appellant had remained in custody for over seven months and there was also no possibility of commencement of trial in near future, several co-accused were already released on bail, the appellant was 7 ... Read more..

There was a statutory duty of disclosing unpublished/selectively published price sensitive information so as to make it generally available and embargo against insider trading, appellant failed to dis ... Read more..

Award debtor, while releasing decretal amount, mistakenly deducted TDS, despite settled principle that no tax was deductible at source from sums payable under an arbitral award, the Award Debtor had n ... Read more..