Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Bail conditions requiring a security bond equivalent to alleged tax and penalty liability may be modified where the accused stands on the same footing as a co-accused whose condition was found onerous and vague. Disclosed family assets, supported by affidavit, may constitute security instead of the stipulated bond. The impugned security-bond requirement was not to be enforced, and the declared family assets were treated as security for the alleged dues.
Bail conditions requiring a security bond equivalent to alleged tax and penalty liability may be modified where the accused stands on the same footing as a co-accused whose condition was found onerous and vague. Disclosed family assets, supported by affidavit, may constitute security instead of the stipulated bond. The impugned security-bond requirement was not to be enforced, and the declared family assets were treated as security for the alleged dues.
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