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...
The applicant sought regular bail, accused of availing wrongful input tax credit benefits worth Rs.15.58 crores through fictitious transactions with 38 firms. Considering the nature of allegations in the FIR, punishment of 5 years, arrest in June 2024, and attachment of applicant's firm assets, the High Court allowed bail upon executing a bond of Rs.10,000 with one surety of like amount and subject to conditions by the trial court u/s 439 of the Criminal Procedure Code, 1973.
The applicant sought regular bail, accused of availing wrongful input tax credit benefits worth Rs.15.58 crores through fictitious transactions with 38 firms. Considering the nature of allegations in the FIR, punishment of 5 years, arrest in June 2024, and attachment of applicant's firm assets, the High Court allowed bail upon executing a bond of Rs.10,000 with one surety of like amount and subject to conditions by the trial court u/s 439 of the Criminal Procedure Code, 1973.
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