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    Substantial compliance in transfer pricing documentation defeats penalty for diamond trade record shortfall where arm's length pricing stood accepted
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      In an economic-offence investigation, the HC treated a seven-day...

      Prior notice before coercive action is a limited safeguard in investigation, not blanket anticipatory bail protection.

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      GSTJune 8, 2026Case LawsHC
      In an economic-offence investigation, the HC treated a seven-day prior notice requirement before coercive action as a limited safeguard, not anticipatory bail or blanket protection from arrest. Because the matter was still at the summons stage and no proposal for prior approval to arrest had been moved, the Court held that investigation could continue and the respondents had to join as called. The Department remained free to proceed in accordance with law if they did not cooperate. The challenge to the notice direction failed and the petitions were dismissed.

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      ActsIncome Tax