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...
Written grounds of arrest are mandatory and must be supplied in writing; the court distinguished them from general reasons for arrest and held that the petitioners had, on the record, received written grounds, so the challenge based on non-supply failed. At the bail stage, the court held that economic offences involving fake invoices and fraudulent input tax credit do not require the arresting agency to reproduce every item of evidence in the grounds of arrest, so long as the substance of the allegations and basis of arrest are conveyed. Finding prima facie material, including statements, seized devices, chats and forensic material, and noting alleged non-cooperation, the court refused bail.
Written grounds of arrest are mandatory and must be supplied in writing; the court distinguished them from general reasons for arrest and held that the petitioners had, on the record, received written grounds, so the challenge based on non-supply failed. At the bail stage, the court held that economic offences involving fake invoices and fraudulent input tax credit do not require the arresting agency to reproduce every item of evidence in the grounds of arrest, so long as the substance of the allegations and basis of arrest are conveyed. Finding prima facie material, including statements, seized devices, chats and forensic material, and noting alleged non-cooperation, the court refused bail.
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