Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Bail was procured through misrepresentation and suppression of material facts by the applicant, who failed to disclose criminal history and prior conviction in a similar case. Despite objections raised in the first bail application, the applicant withdrew it and filed a second application without disclosing the material facts. The court held that economic offenses are serious, and the sessions judge rightly canceled the bail and examined the merits of the case due to the seriousness of allegations. The applicant's conduct of seeking regular bail without disclosing material facts justified cancellation of bail. The high court dismissed the application u/s 482 of CrPC, finding no merit in the arguments against cancellation of bail.
Bail was procured through misrepresentation and suppression of material facts by the applicant, who failed to disclose criminal history and prior conviction in a similar case. Despite objections raised in the first bail application, the applicant withdrew it and filed a second application without disclosing the material facts. The court held that economic offenses are serious, and the sessions judge rightly canceled the bail and examined the merits of the case due to the seriousness of allegations. The applicant's conduct of seeking regular bail without disclosing material facts justified cancellation of bail. The high court dismissed the application u/s 482 of CrPC, finding no merit in the arguments against cancellation of bail.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
