Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
Unsubstantiated exempt agricultural income claim sustains concealment penalty after disclosure only on departmental detection and no bona fide evidenc...
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Seeking grant of bail - creation and operation of 294 fake firms and has evaded a tax - The court noted the serious nature of economic offences and the substantial loss to the public exchequer. It emphasized the need for a different approach in bail matters concerning economic crimes. - The court considered the rejection of bail for a co-accused in a similar case and upheld the decision, highlighting the substantial loss caused by the petitioner's actions. - Considering the evidence and seriousness of the offence, the court denied bail to the petitioner and instructed the trial court to expedite proceedings.
Seeking grant of bail - creation and operation of 294 fake firms and has evaded a tax - The court noted the serious nature of economic offences and the substantial loss to the public exchequer. It emphasized the need for a different approach in bail matters concerning economic crimes. - The court considered the rejection of bail for a co-accused in a similar case and upheld the decision, highlighting the substantial loss caused by the petitioner's actions. - Considering the evidence and seriousness of the offence, the court denied bail to the petitioner and instructed the trial court to expedite proceedings.
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