Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
The High Court dismissed the application for pre-arrest bail u/s 135 of the Customs Act, 1962. The court found ample material showing the applicant's complicity in clandestine removal of goods from a public bonded warehouse. While acknowledging that statements of co-accused need corroboration, the court noted the strong prima facie case against the applicant as the key conspirator in an economic offense. Granting bail would prejudice effective investigation to uncover the fraud and those involved. The court emphasized the need for proper investigation to reveal the fraud and prevent harm to the economic fabric of society.
The High Court dismissed the application for pre-arrest bail u/s 135 of the Customs Act, 1962. The court found ample material showing the applicant's complicity in clandestine removal of goods from a public bonded warehouse. While acknowledging that statements of co-accused need corroboration, the court noted the strong prima facie case against the applicant as the key conspirator in an economic offense. Granting bail would prejudice effective investigation to uncover the fraud and those involved. The court emphasized the need for proper investigation to reveal the fraud and prevent harm to the economic fabric of society.
Note: It is a system-generated summary and is for quick reference only.