Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
The High Court considered a case involving fraudulent availing and passing on of Input Tax Credit u/s 132(1)(b) & (c) and u/s 132(1)(i) of Central Goods & Service Tax Act, 2017, through creation of fake firms. After reviewing submissions and material on record, the Court granted bail to the applicants based on the nature of the offence, lack of evidence of fake firm creation devices, and the period spent in jail. The bail application was allowed with imposed conditions.
The High Court considered a case involving fraudulent availing and passing on of Input Tax Credit u/s 132(1)(b) & (c) and u/s 132(1)(i) of Central Goods & Service Tax Act, 2017, through creation of fake firms. After reviewing submissions and material on record, the Court granted bail to the applicants based on the nature of the offence, lack of evidence of fake firm creation devices, and the period spent in jail. The bail application was allowed with imposed conditions.
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