Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
Grant of Bail - pre trial detention of accused - In view of the allegations of creating fake firms and claiming such fraudulent input tax credit and routing them through various fake firms shows the propensity and wherewithal of accused in committing such crimes, bail application rejected - Further, revenue may also take conscious decision as how it want to proceed against not only the beneficiaries of such sham transactions but also against those person who facilitated such transactions by creating fake firms. - DSC
Grant of Bail - pre trial detention of accused - In view of the allegations of creating fake firms and claiming such fraudulent input tax credit and routing them through various fake firms shows the propensity and wherewithal of accused in committing such crimes, bail application rejected - Further, revenue may also take conscious decision as how it want to proceed against not only the beneficiaries of such sham transactions but also against those person who facilitated such transactions by creating fake firms. - DSC
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